D-Street loves dollar twice over rupee

posted by   arvind (101)   11 months ago (123sensex.blogspot.com)

NEW DELHI: The Indian stock market seems to have developed a liking for the US dollar vis-a-vis rupee -- it is taking half the time to double investments made in the greenback compared to that in the domestic currency. An analysis of historic movements in the total invested wealth on domestic bourses show that its rupee value has taken 14 months to double, against less than eight months in cas