Indian money market current position-
India market news is the topic of discussion for every investor nationwide. The global economic
downturn since the last quarter of 2008 has been gaining grounds until the Satyam scam. The fourth-
biggest software firm - Satyam Computers, ever since its drastic crash and financial wrongdoing
revelations, has been in India news and global news headlines affecting the India money market. India
has many foreign investors and the economy not being very highly affected despite the global recession;
more foreign investors are looking towards India as a safe and secured investment destination. But as
India market news make plain, the Satyam scandal may prove to be a huge loss to India, prompting
foreign investors to leave India.
Strengthening of the Indian rupee and loss of dollar over the last week of December 08 and first week of
January brought in a ray of hope amongst investors, thus raising the importance of India money market.
Data released by the India news recorded buying of local shares by overseas funds. India market news
further brought to light that with the Satyam scam, stock market indices witnessed a 7.1 percent slump.
Despite the two weeks' rise of the rupee, it again slumped down due to the Satyam effect.
India money market is flooded with news like 'NSE removing Satyam from Nifty, replacing the position
with Rel Capital', 'Satyam losing Rs 10, 000 crore in market cap', etc. The India market news on 7th
evening shook domestic as well as global investor confidence affecting many other top companies.
Overall, the situation is expected to improve and India money market is again going to witness a rise.
Thanks to the corrective measures taken by the RBI as well as the government. With the lending rate cut
by 350 basis points by the the RBI as well as the 200 billion rupee ($4 billion) stimulus package
announced by the government will help materialize the 7% growth target. Duties cut on manufactured
products further add to the boost. What the India news reveals currently is not expected to be the
same.
doc_437004469.docx
India market news is the topic of discussion for every investor nationwide. The global economic
downturn since the last quarter of 2008 has been gaining grounds until the Satyam scam. The fourth-
biggest software firm - Satyam Computers, ever since its drastic crash and financial wrongdoing
revelations, has been in India news and global news headlines affecting the India money market. India
has many foreign investors and the economy not being very highly affected despite the global recession;
more foreign investors are looking towards India as a safe and secured investment destination. But as
India market news make plain, the Satyam scandal may prove to be a huge loss to India, prompting
foreign investors to leave India.
Strengthening of the Indian rupee and loss of dollar over the last week of December 08 and first week of
January brought in a ray of hope amongst investors, thus raising the importance of India money market.
Data released by the India news recorded buying of local shares by overseas funds. India market news
further brought to light that with the Satyam scam, stock market indices witnessed a 7.1 percent slump.
Despite the two weeks' rise of the rupee, it again slumped down due to the Satyam effect.
India money market is flooded with news like 'NSE removing Satyam from Nifty, replacing the position
with Rel Capital', 'Satyam losing Rs 10, 000 crore in market cap', etc. The India market news on 7th
evening shook domestic as well as global investor confidence affecting many other top companies.
Overall, the situation is expected to improve and India money market is again going to witness a rise.
Thanks to the corrective measures taken by the RBI as well as the government. With the lending rate cut
by 350 basis points by the the RBI as well as the 200 billion rupee ($4 billion) stimulus package
announced by the government will help materialize the 7% growth target. Duties cut on manufactured
products further add to the boost. What the India news reveals currently is not expected to be the
same.
doc_437004469.docx