Govt's reform push: Domestic equities and rupee likely to see a turnaround

The fall in the market this month comes on the back of even steeper fall in July, triggered by the Union Budget, which was high on taxes and low on stimulus

Domestic equities and the currency are among the worst-performer in Asia this month. However, the latest measures announced by the government on Friday will help arrest this underperformance and could even see India outperform global markets in the near term. 

So far this month, the rupee, which briefly breached the 72-mark against the dollar on Friday, is the worst-performing Asian currency. In terms of equity market performance, the 6 per cent decline in the Sensex in dollar terms is the second-worst after Singapore. 

The fall in the market this month comes on the back of even steeper fall in July, triggered by