$1= Rs. 52...???!!!##***
Euro Zone crisis, debt crisis, downfall of international markets, Inflation and so on...with many causes, reasons Indian stock market shaking atmost and fell down to minimum of 52 weeks. Of course, International stock markets are felling down as well. But, besides downfall of NIFTY and SENSEX Indian stock market facing another of disaster, that is, " downfall of rupee value". In International markets Indian rupee value fell down to minimum of 32 months, compare to dollar value Indian rupee value is 52.20. It is cautious sign to Ministry of Finance, India.
Reasons for this are many such as Europoean and American debt crisis, instability of indigenous IT companies, poor performance of Indian finance system, less intervention of FOREX market and especially stringent actions of RBI to control inflation.
Most of the top Indian companies such as TATA, ICICI, BHEL, DHFL, SBI, RIL, INFOSYS are under control of bear.
Due to many reasons along with above Rs. 5.5 lakhs crores are evaporated within a week. If this situation continues there will be a great disaster to Indian stock market. Stock brokers are expecting that there will be rising trend in coming days and lets just hope that.
So, investor be wise while investing....
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