The markets crashed in early trade following big slump in Asian and US markets, due to Fed cuts economic growth forecast for 2008 and 2009 and weak housing data. The Indian equities markets opened far lower, compared to last closing figures, and a key index crashed over 300 points within 10 minutes of the opening bell.
Forex dealers say the domestic currency will remain under pressure.
http://www.ibnlive.com/news/new-low-for-rupee-falls-to-5040-per-dollar/78557-7.html
The number of visitors to London are down this year.
http://www.ibnlive.com/news/strong-dollar-pounds-london-tourism-to-new-low/77979-7.html
Corus Distribution employs 2,400 workers at 36 sites in Britain, Ireland.
http://www.ibnlive.com/news/tataowned-corus-to-axe-400-jobs/77608-7.html
Markets open in green and stayed so in the day's trading.
http://www.ibnlive.com/news/equities-stay-green-on-pms-assurance-crude-falls/77351-7.html
A big catalyst for the late-day surge was a huge drop in the Japanese yen.
http://www.ibnlive.com/news/wall-street-opens-on-high-note-on-ratecut-hopes/76949-16.html
The Rupee had depreciated to new record during the day.
http://www.ibnlive.com/news/rbi-move-helps-rupee-gains-7-paise-over-us-dollar/76867-7.html
Government had said that the rupee is expected to be less volatile.
http://www.ibnlive.com/news/rupee-sinks--network18-poll--markets-open-in-red/76617-7.html
With dollar getting stronger, non-US airlines are paying more to buy oil.
http://www.ibnlive.com/news/drop-in-fuel-prices-offset-by-economic-crisis/76571-7.html
This, following increased dollar demand from importers.
http://www.ibnlive.com/news/rupee-touches-alltime-low-rs-4968-to-a-dollar/76524-7.html
Sensex had closed in green on Tuesday but surprisingly opened weak.
http://www.ibnlive.com/news/rupee-dips-equities-open-lower---pm-says-have-faith/76445-7.html
Gold futures touched a new high at Rs 14,200 per 10 grams on Friday.
http://www.ibnlive.com/news/gold-prices-soar-as-rupee-hits-an-alltime-low/75515-7.html
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