Bloodbath in world markets over Corona concerns
Worldwide indices saw a sharp decline due to corona concerns. Yesterday Indian markets closed around 10% down. It is one of the historical declines. Corona is hitting more and more countries. US canceled all flights except UK. Today also it is expected to see a gap down opening as the world’s major indices closed in the red. Rupee opens 18 paise less to the dollar.
A rate cut is expected from RBI. Relief packages for some industries are also desired.
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