It's been a fry-day the 13th. In a sudden turn of events it looks like foreign money is heading out the door, and fast. The rupee has moved to 59.62 (from the 59.3 levels yesterday) and there is a large amount of selling happening on stocks right now.
The story is that the price of crude has shot up to $114 a barrel due to the tension in Iraq. This can be a serious concern for oil companies who import it and will have to participate in any losses they make when they . . .