Posted By : Kishore B.S
Today rupee breached 67 levels against dollar. The fall in rupee is huge on daily basis, falling 1% on a daily basis. If we continue the same way we will reach sub 70 levels in a week itself.
The global markets are in no way offering any respite. The global correction has intensified the fall in the Indian markets.
As of now, from a trading perspective it will be wise to stay out of the market. Tomorrow we have expiry. So, any short covering can give an unexpected bounce in the market.