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In addition, the interest rate difference between US bond yields and India narrowed to 227 bps—the lowest since March 2006—prompting foreign portfolio investors (FPIs) to pull money out of the domesticmarket.

Given the pressure on currencies across Asia, traders said that the ReserveBank of Indiawas circumspect about intervening too much.Nilesh Shah, MD, Kotak Mutual Fund, said, “Our markets reacted in line with the global correction, as the US Fed shut the door on rate cuts in the near term with increased uncertainty.

earn money from selling photos on shutterstock ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.Also, emerging market currencies, including the rupee, seem to be the preferred trade among the speculators.”While the immediate trigger for the fall came from the US, experts say that the market is reacting to the slowdown in the domesticeconomyas well.Shankar Sharma, founder, Gquant Investec, said, “For one, this was a reaction to the overnight fall in the US.

However, this is not the only explanation.

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However, with the Christmas holidays just around the corner, FPI action is likely to be muted.

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However, until US President-elect Donald Trump’s policy decisions, including tariffs and others, become clearer by the end of January-end, markets are expected to stay nervous.Skoda has released sketches of the facelifted Enyaq, which is based on the Skoda Vision 7S concept.

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It will come with a 77kWh battery, dual-motor setup, and a range of 513km on a single charge.

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