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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.

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However, this is not the only explanation.

globalization and finance ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.The market is now beginning to wake up to the reality of a slowdown in the Indian economy, along with slowing corporate earnings and a widening trade deficit.

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

globalization and finance ✌️【365vc.net】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.This could mean that the Indian stock market could get some breather from the selling pressure from them.

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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