India, June 8 -- Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year.
The rupee traded weak at 95.35 against the dollar despite the Indian government introducing a retrospective tax exemption for foreign institutional investors earning income from government securities.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....