The rupee appreciated by 0.27 per cent in June against the dollar.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
If the impact of the Greece crisis spreads across Europe and parts of the world which are more interconnected than ever before, India cannot hope to be insulated, says Paranjoy Guha Thakurta.
Silver, platinum and palladium all declined.
International uncertainties such as the debt crisis in Greece would have an impact on equity markets globally, including India, a top financial sector expert said.
As regards India, market valuations already reflect most positives.
'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.
If the Greek crisis spirals into a larger European sovereign debt crisis and possible fragmentation of the eurozone, India's trade and capital flows could be hit, says Shankar Acharya.
Bond issuances dipped 31.4% during January-June
The ongoing Greece economic crisis poses a little threat to the rest of the world as the global economy has withstood the stress tests of the last two weeks fairly well.
The rupee may also gain against the euro but be prepared for a snapback in the euro as Greece resolves.
'The cost of funds has come down, which will lower lending rates'.
India's reliance on domestic factors for growth and its comfortable foreign exchange reserves would help the nation to insulate itself from the Euro-zone debt crisis, financial services firm, ING said.
How did Greece, the country of Archimedes and Socrates and Plato and Pythagoras, come to such dire straits, asks Ajit Balakrishnan.
The dollar bond market has been a favourite for Indian firms in 2014.
India's software and engineering exports may take a hit and the country may also face larger capital outflows.
Treasury Secretary Timothy Geithner on Thursday ruled out any possibility of US facing a Greece-like debt crisis and said that better-than-expected economy would help strengthen government accounts.
The domestic currency had gained seven paise on Friday.
With Greeks' rejection of rescue package from creditors spooking markets, the government on Monday asserted that India is well insulated from the crisis but rupee may be affected due to the outward flight of investment.
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
RBI's foreign exchange reserves fell $237.5 million.
Rain gods may be kinder; revenue collections going up: Jaitley
Sensex is now as expensive as in early 2008
It is useful to note that Indian markets have not gone into a tailspin as the Greece crisis has developed, says Devangshu Datta.
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
Greek crisis is coming at a time when India is short of hard news on the domestic front.
Positive cues from Asian peers also uplifted the sentiment.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Given the current global cues, if the next six months do not turn out to be the way we would want it to, we are definitely looking at a very gloomy start to 2016.
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