The rupee has fallen further, extending its losses as the dollar demand rises continuously. The rupee’s fall is also attributed to the growing concerns of the economy slowdown, mounting tensions in the middle east over the Oil prices and worries over the Greece’s economy bailout in Europe.
Back in the Dalal Street, the markets have seen a volatile session, with the indices moving back and forth in the red and green territories. Both the Sensex and the Nifty have managed to see trades in the green, overcoming the selling trades seen in the morning.
At 12:18 PM, the Nifty has slipped back in the red to 5208, down by 13 pts or -0.27%.