Sensex looses 500 points in a day; Rupee hits 60 vs. USD
Published on: Thursday 20 June 2013 //
BSE Sensex,
Finance,
Indian stock market,
NSE Nifty,
Sensex today,
US Federal Reserve
The 30-share barometer after losing over 423 points in early trade, fell further by 526.41 points to slip below 19,000-point level to trade at 18,719 points.
Similarly, the wide-based National Stock Exchange index Nifty dipped below 5,700 points by losing 166.35 point to trade at 5,655.90.
However, chairman Ben Bernanke said afterwards "the committee currently anticipates that it would be appropriate to moderate the monthly pace of purchases later this year" if the economic outlook continues to improve.
Stressing that "our purchases are tied to what happens in the economy", he said most members of the committee foresaw tapering in the coming months.
The announcement sent US stocks tumbling -- the Dow fell 1.35 percent, the S&P 500 lost 1.39 percent and the Nasdaq tumbled 1.12 percent -- while the yield on US Treasuries jumped.
Indian Rupee new record : 1 USD ~~ 60 INR
source : zeenews
