New Kerala Oct 10, 2008 Market Mayhem Continues Despite Liquidity Injection
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Indian equity markets experienced a significant downturn, with the Sensex dropping 8.09% despite a liquidity injection of Rs. 600 billion by the central bank. Finance Minister P. Chidambaram stated that the fundamentals of the economy remain strong, announcing a high-level group to assess liquidity needs amidst the market chaos. Analysts expressed concern that ongoing liberal policies could worsen the situation, as global investor confidence continues to decline.
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