Investors' assets of Rs. 4.90 lakh crore erosion: Rupee collapses to 80.99

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- The retreat of global currencies against the dollar

- Gap of 1020 points in Sensex and 302 points in Nifty: A sharp retreat in small-midcap stocks

- Cross Rs.82 in private

Ahmedabad: On the other hand, the increase in interest rates by the central banks of the leading countries to control inflation, the massive erosion in the value of global currencies against the US dollar had an adverse effect on the stock market. The Indian rupee also witnessed a historic fall against the dollar today. Today, a gap of 1,020 points was registered in the Sensex due to the selling pressure from Chomer, including foreign investors, who lost the level of Rs. 81 intra-day. 4.90 lakh crore was eroded.

After the recent increase in the interest rate in America, the Fed announced to take drastic measures in the future. Apart from this, Bank of England and Swiss Bank also increased the interest rate. On the other hand, the rise in interest rates has led to a steady retreat in other currencies as the dollar has strengthened globally. Against the dollar, the Indian rupee started trading today after losing the key level of 81 and bounced back after breaking down to a low of 81.25 intra-day. However, at the close of business, the rupee fell by 13 paise to close at 80.99. After this report, the BSE Sensex fell 1020.80 points to a low of 58098.92 on the back of selling pressure from Chomer including foreign investors. While the NSE Nifty fell by 302.45 points to a low of 17327.35. In the wake of the pronounced crash in the Sensex, investors' assets today also fell by Rs. 4.90 lakh crores was eroded and finally Rs. 276.74 lakh crores. A sharp pullback was seen in small-midcap stocks today.

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