Epic Update : RBI

[epicresearch]

Indian equities pared losses in the last couple of hours of trade as both the BSE Sensex and NSE Niftyclosed marginally lower as compared to more than a 1% fall since early trade on Friday. In comparison to its global peers, the Indian market outperformed, may be due to a steep fall in crude oil prices. However, rupee woes ceased to disappear. The Indian currency breached the psychologically important 57 per dollar mark and touched a new lifetime low of 57.22 per dollar.