The BSE Sensex and NSE Nifty are likely to open in green tracking SGX Nifty. (PTI)
The BSE Sensex tanked 1,831.47 points, or 6.5 per cent, at 26283.09 during August. The index was at 28,114.56 on July 31. NSE Nifty also tanked 6.5 per cent last month.
Fears of a currency war got triggered by an unexpected move by China to devalue its currency against the US Dollar. The uncertainty driven-risk aversion led to a flight of global liquidity out of equities in general and the emerging markets in particular. Indian rupee fell 3.29 per cent to 66.31 on August 31 from 64.01 on July 31. (Reuters)
The Indian rupee depreciated by 14 paise to 66.17 against the dollar at the Interbank Foreign Exchange in early trade today on buying of the US currency by importers. (AP)
The Indian economy is undergoing a pronounced economic slowdown and is likely to clock a GDP growth of 6.8 per cent in the current financial year, a report by Ambit Capital Research said.. (Reuters)