Why Rupee and Sensex are rallying?

SENSEX and  Indian rupee has witnessed a dramatic turnaround since Wednesday, when Raghuram Rajan took over as the new governor of the Reserve Bank. Sensex yesterday closed above the psychological level of 20000, Nifty rallied 555 points in 4 days and Indian Rupee retraced back to 64 from life lows of 69 again of almost 6% Investors gained over Rs 5 lakh crore market wealth in past four trading days. Total market capitalization of actively traded stocks on BSE has increased by Rs 5.03-lakh crore to Rs 6,446,263 crore.

• Rajan's announcements have helped sentiments: His appointment has sparked badly-needed optimism among investors, analysts say. Rajan has given the confidence booster to market. Sometime just a sentence from central banker can do wonder and instill confidence in the market. Also on Technical ground we covered the following analysis   Has Indian Rupee made Short term Top, Weekly Analysis

RBI governor announced measures such as liberalization of the financial market by enhancing the limits for exporters to re-book cancelled forward exchange contracts and opening a special concessional window for..

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