Stock market outlook: BSE Sensex to remain under pressure on weak rupee in coming week

Comments 0
The Reserve Bank of India's (RBI) measures announced on Aug. 14 to restrict how much Indian citizens and companies can invest abroad raised fears of outright capital controls that would further undermine the confidence of foreign investors.   The Reserve Bank of India's (RBI) measures announced on Aug. 14 to restrict how much Indian citizens and companies can invest abroad raised fears of outright capital controls that would further undermine the confidence of foreign investors.
SummaryTraders say govt will need to unveil credible plan to attract foreign inflows to support rupee.

Stock market outlook: The weak ahead for BSE Sensex and other stock market indices will remain weak as the Indian rupee has tumbled to a record low despite various measures undertaken to prop up the currency.

The Reserve Bank of India's (RBI) measures announced on Aug. 14 to restrict how much Indian citizens and companies can invest abroad raised fears of outright capital controls that would further undermine the confidence of foreign investors.

Related: Foreign investors baulk as rupee hits record low,

Traders say policy makers will need to unveil a credible plan to attract foreign inflows to support the rupee, but fear instead the central bank or the government will resort to measures that fail to prevent further currency falls.

Editorial: Helping reforms take off

Release of minutes from the Federal Reserve would also be watched amid increased expectations the US central bank will start the withdrawal of its monetary stimulus.

KEY FACTORS/EVENTS TO WATCH

Wed: Tata Motors Ltd's annual shareholders' meeting

Release of Fed minutes

Ads by Google

More from Markets

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...