Economy · India
Indian Stock Markets and Rupee Decline Amid Geopolitical Uncertainty
Indian stock markets experienced a decline in early trade on August 12, with the Sensex falling 172 points to 77,786 and the Nifty down 90 points to 24,343. The Indian Rupee also depreciated by 7 paise, reaching 95.40 against the U.S. dollar. This downturn is attributed by traders to geopolitical uncertainty, specifically the ongoing standoff between the US and Iran, and rising crude oil prices. Foreign Institutional Investors offloaded equities worth ₹1,002.50 crore on August 12.
How outlets across the spectrum covered it
L 2 C 11 R 2
- Left (2): The Hindu, The Telegraph (India)
- Centre (11 votes, 12 outlets): Amar Ujala, Business Standard, Dainik Bhaskar, Deccan Chronicle, Deccan Herald, Haribhoomi, Jansatta, Mint, Navbharat Times · The Economic Times (Times Group — 1 vote), The New Indian Express, The Statesman
- Right (2): Punjab Kesari, The Pioneer
- International (2): Fortune, Toronto Star