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Quantitative Easing

Quantitative Easing winding up – How it affects the Indian markets?

June 19th, 2013 was a special day. Gold hit a three-year low, the Indian Rupee hit another all-time low against the dollar and the yield on the U.S. 10-years’ Treasury note jumped as high as 2.46%. Well, is Fed’s statement to withdraw its quantitative easing programme by mid-2014 has got anything to do the way Sensex, Nifty and other Asian indices reacted? They should be! As the news about tapering of QE came out in open, equities all across the world started falling, with the Asian indices being hammered the most.  Is this kind of market reaction justified? After all, the news wasn’t a surprise; in fact quite anticipated by the market participants. Since the announcement made in May 2013, by Bernanke, the Indian stock market has shown high volatility. It crashed 383 points on 23rd May, 2013 with the earlier announcement and has further slid 5% since then. The […]

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