Market Quote 09 May 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 09 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The market continued its downward rally amid lingering concerns over the weakening rupee, global interest rate hikes and tightening lockdowns in China. The relentless rise in the US dollar index owing to interest rate hikes and rising US treasury yield hammered investor's risk appetite. Strong US jobs data indicated possibilities of faster rate hikes forcing investors to opt for safe-haven assets"
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