NIFTY  8,879.20  0.65%
  SENSEX  28,661.60  0.68%
 CURRENCY  Rs  67.02/$ 71.15/€, 83.19/£
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  HANG SENG  24,146.10  0.47%
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  Shanghai Composite  3,239.96  0.65%
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RUPEE AT CLOSE - Rupee Ends At 66.92/$ Vs 67.01/$ On Friday SIEMENS - Bags Order Worth Rs 287 Cr Form Nagpur Metro Rail Corporation

Weaker Rupee May Push Sensex Below 18,000: Robert Aspin

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There is some concern that equity markets will weaken going ahead, says Robert Aspin, Head Equities Investment Strategy at Standard Chartered Bank. He warns that if the depreciating currency falls past the key 70 per dollar level, it could push markets to the 17000s. “However, this depends mainly on the macroeconomic scenario and the government’s ability to tackle the CAD concerns,” he adds.