It was mayhem once again on Dalal Street with indices falling like ninepins. The NSE Nifty cracked below the all-important 5,000 mark as the dreadful opening in the European markets had investors running for cover.
The depreciating rupee is causing major pain for the market. “The risk aversion has gone up, which means investors will be scared of investing in markets beyond their immediate shores,” explains R Jagannathan, editor-in-chief, moneycontrol.com.
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