BSE Sensex now down more than 500 points
BSE Sensex was down 565 points in trade on Thursday afternoon as the market absorbed the impact of the US downgrade.
Source: sentinelassam.com
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The U.S. Downgrade Is Serious, But Not For The Reasons You Think
There are not enough economic reasons to believe that the U.S. chance of default has gone up in any significant way. The reasons are political.
Source: forbes.com
Explained: What is a rating downgrade? And six key reasons why Fitch Ratings downgraded US
Fitch Ratings downgrade: Fitch Ratings downgrades the US credit rating to 'AA+' from 'AAA' due to expected fiscal deterioration and high government debt burden. Fitch pointed out the expected fiscal deterioration over the next three years along with a high and growing general government debt burden.
Source: livemint.com
US rating cut leaves Indian investors poorer by ₹3.5 tn
Foreign investors lead stampede; gold gains, volatility index jumps, rupee falls
Source: livemint.com