Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Global Turmoil Battering Markets, Govt Taking Measures: FinMin

The Finance Ministry on Wednesday attributed the fall in domestic equities to turmoil in global economy and said the government is taking measures to address the challenges.

The Finance Ministry on Wednesday (10 February) attributed the fall in domestic equities to turmoil in global economy and said the government is taking measures to address the challenges.

“Global economy is in turmoil, markets are down. We know the challenges and are taking necessary measures,” Economic Affairs Secretary Shaktikanta Das tweeted.

Equities have remained depressed on persistent global headwinds. Market benchmark Sensex today witnessed selling pressure and declined to a 52-week low of 23,743.79.

In addition, weakness in the rupee against the American currency too weighed on the sentiment. The rupee was lower by 8 paise at 67.98 against dollar in late morning trade.

(PTI)


Tags assigned to this article:
equities sensex shaktikanta das Global turmoil