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Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

19 Sep 2013 / 0 Comments

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate Subbarao who left this mess created by few stupid political economists," Raghuram Rajan found telling the sweeper who came to clean up the

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Published On:Tuesday, 27 August 2013
Posted by Diggy Chacha

Sensex reacted negatively on summon to Asaram Bapu

Asaram Bapu's devotees claimed that the Sensex was down today only because Police summoned Asaram Bapu. He said that after Police issued summon to Bapu, rupee dropped sharply affecting the equity markets.

"This is the strength of Bapuji. Police has only summoned him and Sensex was down over 3%. Think what will happen if you arrest him. You will see Sensex at 100 points level and Nifty at 10 points," said Swami Chinmayanand, Bapu's ardent follower.

When India Satire correspondent told Chinmayanand that it was not Asaram Bapu but deteriorating rupee and worsening CAD situation along with FII investment outflow were the reasons, he said that all was ok but the major reason was eroding confidence of government on Bapuji.

He said "The rupee depreciation was out of systematic risk that foreign investors calculated before Bapuji's name was involved in sexual assault case. They discounted this risk 4-5 months back itself. Now when you summon Bapuji for paltry things you will have to bear the brunt. You don't know whenever he says 'jaa upar jaa', the Sensex goes up."

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