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The Indian rupee hit a record low, closing at 87.59 against the dollar. This decline occurred due to worries about US tariffs and continuous selling of Indian stocks. A strong dollar also contributed to the rupee's fall. During the day, it even touched 87.74. However, the rupee recovered slightly, possibly because of intervention by the central bank.
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Historical market data reveals mixed performance trends for August, with both Nifty 50 and Nifty 500 showing gains in six out of the last ten years. Global indices like S&P 500 and Dow Jones also exhibit similar inconsistent seasonality. Investors anticipate continued volatility this month, influenced by US tariffs and other uncertainties, expecting Nifty to fluctuate within a specified range.
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Indian stock markets closed lower on Thursday. This happened after a day of fluctuating gains and losses. Investors were concerned about US President Donald Trump's new tariffs on Indian exports. The Nifty and Sensex both experienced declines. Market volatility increased, indicating caution among traders. Experts suggest that rallies may face resistance due to various economic factors.
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Jobless claims saw a slight increase last week, yet remain at historically low levels, signaling a resilient labor market despite economic uncertainties. While employers continue to retain staff, concerns linger over President Trump's trade policies and their potential impact on consumer spending and hiring. Several major companies have recently announced job cuts, adding to the cautious outlook.
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News and Media
Zerodha CEO Nithin Kamath refuted concerns about excess leverage in Indian markets, calling US comparisons flawed. He emphasized India's significantly lower margin funding and options exposure compared to the US, dismissing claims of speculative overheating.
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News and Media
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