Stock markets recovered from their latest bout of oil and growth-related trauma on Tuesday, helped by promises from U.S. policymakers and the head of the IMF that lower fuel costs would boost the world economy.
Tags: Stock markets
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Indian Rupee nears record low as stocks rebound
Indian Rupee further fell in a narrow range and was nearing its record low. On the other hand, stocks on the Indian bourses staged a recovery. The S&P BSE Sensex was up 0.8 percent paring intraday loss of 1.2 percent. Overseas investors continued to offload in the Indian stock markets.
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As the budget deadlock continues, the stock market's fear index is rising and many investors are preparing for future stock volatility.
Bernanke's testimony caused world stock markets to waver between gains and losses. The testimony of US Federal Reserve Chairman Ben Bernanke made investors cautious.
Asian stock markets were seen higher as the U.S. continues to report boost in economy. Stock markets in Asia were mostly higher as yet another record high on Wall Street brought momentum in the region.
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