Customers wait outside a Yes Bank branch to withdraw money in Ahmedabad, India. Reuters
The Indian rupee has breached the 74 per dollar mark and experts feel that with continued global economic concerns and possibilities of further plunge in financial and oil markets, it may continue to witness volatility in the coming days.
The S&P BSE Sensex and NSE Nifty 50 indices suffered their biggest single-day selloff ever in absolute terms as the Indian markets entered a bear phase.
Indian stock markets erased all their initial gains on Friday, with the BSE Sensex closing 131.18 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points.
Coronavirus fears continued to cause mayhem in the stock markets as the BSE Sensex ended over 2,700 points lower and the Nifty50 on the National Stock Exchange (NSE) settled below the 9,200 mark. This is the second biggest single-day fall in the history of Sensex.
Kristian Cuku is set to make waves in the dynamic real estate landscape of Dubai and the UAE, marking a significant expansion in his successful career.
“The UAE has provided a creative space for individuals, institutions, business sectors and societies to realise their aspirations. It is a space based on human empowerment and an incubating environment for talents and optimists.”
The campaign marks the largest integrated travel campaign launched by Saudi in China, starting with a week-long Saudi Tourism Exhibition, a celebration of Saudi’s culture, heritage, and natural beauty on the Shanghai Bund waterfront...