Dec 19, 2013, 04.09 PM IST
Federal Reserve's decision to scale back US fiscal stimulus by USD 10 billion a month to USD 75 billion may strengthen dollar and may also have an impact on foreign money inflow to India, feel experts.
Tags Federal Reserve, BSE Sensex, Nifty, Market, US fiscal stimulus
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Sensex slips 151 pts on Fed tapering; Bankex dips 2.4%
Federal Reserve's decision to scale back US fiscal stimulus by USD 10 billion a month to USD 75 billion may strengthen dollar and may also have an impact on foreign money inflow to India, feel experts.
Like this story, share it with millions of investors on M3
Sensex slips 151 pts on Fed tapering; Bankex dips 2.4%
Federal Reserve's decision to scale back US fiscal stimulus by USD 10 billion a month to USD 75 billion may strengthen dollar and may also have an impact on foreign money inflow to India, feel experts.
16:10
Moneycontrol BureauThe market gave up some of previous day's gains on Thursday on fears that Fed tapering, which will begin in January, may impact inflow of overseas money. However, it rallied 158 points in opening trade to surpass the 21,000-mark on the Sensex following strong upmove in global peers, but immediately that rally washed out.
The Sensex slipped 151.24 points to close at 20,708.62, and the Nifty lost 50.50 points to 6,166.65.
Federal Reserve's decision to scale back US fiscal stimulus by USD 10 billion a month to USD 75 billion may strengthen dollar and may also have an impact on foreign money inflow to India, feel experts.
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