Indian shares mark steepest fall in nearly 1 month on retrospective tax worries

April 20, 2015 10:26 AM

53 0

MUMBAI, April 20 (Reuters) - Indian shares fell nearly 2 percent on Monday, marking their steepest fall in nearly one month as most blue-chips declined on worries that retrospective taxation could lead to foreign portfolio outflows.

Fresh fears over the impact of retrospective taxation rattled foreign investors and Indian markets on Monday, traders said, as stocks fell for a fourth consecutive day and the rupee hit its weakest in more than a month.

Also read: Coke profit falls 28 percent, but beats expectations

Read more

To category page