Sensex on 17 May 2010 recovered 300 points in intra-day trading to close 159 points lower at 16835.56. Foreign institutional investors pulled out Rs 5,856 crore in May 2010 after investing Rs 2,667 crore in the secondary market in April. FIIs pulled out Rs 1224 crore from the stock markets on 17 May 2010. The cause of the fall in the rupee was attributed to the FII pullout. On 17 May 2010 the rupee fell to its weakest level in nearly two and half months and the Indian currency closed at 45.62/63 per dollar.
FII pullout Resulted in Fall in Rupee
By Jagranjosh
Oct 12, 2010, 15:18 IST
Sensex on 17 May 2010 recovered 300 points in intra-day trading to close 159 points lower at 16835.56. Foreign institutional investors pulled out Rs 5,856 crore in May 2010 after investing Rs 2,667 crore in the secondary market in April.
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