There was chaos in the stock market, investors lost Rs 5 lakh crore

Investors Wealth Loss: There has been an uproar in the Indian stock market due to the announcement of increasing the interest rate by Jerome Powell, the head of the US Central Bank Fed Reserve and then the historic fall in the rupee against the dollar. So, whether there is a fall in the stock markets around the world, whether Asian or European or American, there is a fall everywhere and its effect is also visible on the Indian markets, which has been borne by the investors of the stock market. On the last trading day of the week, the investors of the Indian market lost Rs 5 lakh crore.

5 lakh crore hit
When the Indian stock markets closed on Thursday, the market capitalization of the Mumbai Stock Exchange was close to Rs 281.70 lakh crore. Which has come down to Rs 276.65 lakh crore after Friday’s fall. The Fed has raised interest rates, but has indicated to increase it further in the future, due to which foreign investors are selling in the market.

RBI may increase repo rate
RBI’s Monetary Policy Committee meeting is going to be held on 28-30 September. Retail inflation has again reached close to 7 percent in the month of August. After which again speculations are being made by RBI to increase the repo rate. It is believed that on September 30, RBI may announce to increase the repo rate by 35 basis points to 50 basis points.

growth forecast fall
One after the other, many rating agencies are reducing the growth rate of the Indian economy. Due to which the concern of the market has increased. On the other hand, inflation may remain high due to the fall in the production of Kharif crops. This is also a cause for concern.

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