Market see-saws

Global equity markets had a roller-coaster ride, dropping on worries of US Fed rate hikes and climbing back, taking comfort from US job numbers. The Shanghai market, which was on a boil, closed its worst week in five years on regulatory worries. Shares of Visa jumped on reports that it might buy back Visa Europe, a subsidiary it had hived off earlier. However, the stock price of organic retailer Whole Foods Market dropped after reporting poor quarterly numbers.

Bond yields, especially in Germany where it was trading at near-zero levels, shot up.

The Indian rupee remained weak against most major currencies.

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