INSUBCONTINENT EXCLUSIVE:
Foreign investors also pulled out Rs 2,230.79 crore from capital markets on Monday.The rupee ended almost flat at 73.45 against the US
dollar Monday after its initial gains were erased by a late dollar demand from importers despite strong equity markets and the RBI's move to
Foreign investors also pulled out Rs 2,230.79 crore from capital markets Monday amid the dollar hovering near 10-week high and hitting 96.66
The local currency, however, gave up initial gains due to capital outflows and a firming dollar to hit a session low of 73.53
over 718 points to end above the 34,000-level, while the broader 50-share Nifty rose over 220 points to close above 10,250
At the same time, the Reserve Bank's decision to pump in Rs 40,000 crore into the system in November through purchase of government
securities, with an aim to tackle liquidity crunch, failed to bring cheer to the forex market, but arrested any significant fall in the
worth $75 billion - a step will go long way in soothing frayed nerves of Rupee bulls," said V K Sharma, Head PCG Capital Markets Group,
