How badly has demonetization of rupee hit the Indian markets?1 min read 09 Nov 2016, 10:59 AM IST
The S&P BSE Sensex is down 3.8%, which is more than more or less all other Asian emerging markets
At the time of writing, the Indian markets have fallen a bit more than other emerging markets in Asia. The S&P BSE Sensex is down 3.8%, which is more than more or less all other Asian emerging markets. The possibility of a Donald Trump win is keeping markets on the edge worldwide. The extra fall in the Indian markets compared to others could be due to many factors, including high valuations, but it’s very likely that the demonetization effect is mainly responsible for the fall.
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