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Monday, 20 June 2016

Indian Market Updates: Nifty Opens Below 8150, Sensex Slips 100pts

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The Indian Equity Market has opened lower Mon amid speculation on UN agency can replace Raghuram Rajan because the next banking company of India governor. Rajan can come to world once his current term ends on Sep four, he same in a very message to financial organization workers on Sat. The Sensex is down 159.76 points or 0.6 % at 26466.15. The neat is down 54.45 points or 0.7 % at 8115.75. regarding ninety four shares have advanced, 221 shares declined, and twenty nine shares area unit unchanged. 
GAIL, Bharti, Wipro, M&M and ITC area unit gainers within the Sensex whereas SBI, BHEL, ICICI Bank, HDFC and Adani Ports area unit major losers. The Indian rupee slipped within the early trade on Mon. it's opened lower by fifty seven paise at 67.65 per greenback versus 67.08 Friday.
Credit Swiss Confederation says that the run governor Raghuram Rajan's surprising departure is negative for the currency because it raises uncertainty over the new financial policy framework and managing potential volatility around events like FCNR redemption in Sep-Nov 2016. It expects the Indian currency to depreciate to 67.70 in 3 months and seventy one.0 in twelve months.  
The japanese yen listed at 104.66 against the greenback, once pushing as high as 103.58, once the Bank of Japan set to square pat on financial policy on Thursday.

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