What bad or sad, Indian rupee is still not trading at its fair value. It should be trading between 80-90 per doller. Then this will subside and remain stable for a long time.
Anyways good that rupee is heading towards its FV.
Regarding markets, its the mid caps and small caps that are falling drastically. Considering the dream rum of those shares since 2014 a major correction was expected and that is cyclic, those who invest in equity markets had well seen it coming long back. After few days the index will raise and by December this year there are high chances of Sensex crossing 41000, The bull run ain't over yet. Wanna bet ??