Indian shares log worst fiscal since 2020 as foreign exodus, war, trade woes bite - Reuters
Indian shares log worst fiscal since 2020 as foreign exodus, war, trade woes bite Reuters
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"It’s too early to be bottom-fishing in this market; valuations may be cheaper relative to their own history, but versus other Asian markets, they are still expensive - particularly North Asia."
— Sat Duhra , Executive
"India's economy is strong, our fiscal situation is strong, and the entire world is praising our fiscal deficit management. Our forex reserves are solid."
— Nirmala Sitharaman , Politician
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<a href="https://news.google.com/rss/articles/CBMiwgFBVV95cUxNRWtFWEx5QjdzSkpsX2M4LTZUSl9wYW5HdzJCMXktWXpHYmpFdzI1T01fNHluc0thcTFRN1VJNHBmb2F6TkpKcFZON1oyaXYzVzFONEVRNWEwVlJ6Q1pGNHQ1dHhKTFF5Mll6UlhDLWdjUGxNV0E2blAzRHdxWllwVVpFODk0c0tDQWxWWnRKcU0yeHVnQTJWUHNBYnJxT25XSzJHLXV5WFJPV3lOcE5rb0w1eHNFc0xOUzR4T3VTT21TUQ?oc=5" target="_blank">Indian shares log worst fiscal since 2020 as foreign exodus, war, trade woes bite</a> <font color="#6f6f6f">Reuters</font>
Indian shares experienced their largest monthly decline since March 2020, with the Nifty 50 dropping 2.14% and the BSE Sensex shedding 2.22%, as the escalating Middle East conflict raised concerns about global growth and oil prices.
The Indian rupee fell to a record low, marking an 11% decline over the fiscal year, its steepest drop since 2011-12, amid foreign investor sell-offs and geopolitical tensions.
The Indian rupee breached the 95 per dollar mark, becoming Asia's worst-performing currency, influenced by rising crude oil prices and geopolitical tensions.
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