1. Global turmoil battering stock markets, govt taking measures: Shaktikanta Das

Global turmoil battering stock markets, govt taking measures: Shaktikanta Das

Finance Ministry attributed the fall is domestic equities to turmoil in global economy and said the government is taking measures to address the challenges.

By: | New Delhi | Published: February 10, 2016 11:57 AM
Shaktinanda Das on stock markets, economy

Economic Affairs Secretary Shaktikanta Das tweeted ‘Global economy is in turmoil, markets are down. We know the challenges and are taking necessary measures’. (Photo: Reuters)

Finance Ministry on Wednesday attributed the fall is domestic equities to turmoil in global economy and said the government is taking measures to address the challenges.

“Global economy is in turmoil, markets are down. We know the challenges and are taking necessary measures,” Economic Affairs Secretary Shaktikanta Das tweeted.

Equities have remained depressed on persistent global headwinds. Market benchmark Sensex on Wednesday witnessed selling pressures and declined by over 230 points to 23,787.

In addition, weakness in the rupee against the American currency too weighed on the sentiment. The rupee was lower by 8 paise at 67.98 against dollar in late morning trade.

Tags: Sensex
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