Indian market recovered after gap-down opening, ended with losses less than 1 % on Indices.
Wall street ended another day of selling as risk-off trade continues. Bitcoin now trade below $31000 in major risk-off trade. Crude oil declines as European union softens some of sanctions on Russian oil, Crude oil slide over 5%.
INR plunges to all-time low closed at 77.4825. RBI intervenes to defend rupee, India’s forex reserve at comfortable level of $600 dollar. RBI seeks order depreciation.
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