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The rupee on Monday had declined by 36 paise to close below the 72 level.

The rupee settled down by 36 paise at 72.02 to the US dollar, the lowest closing level since November 14.

The yen rose marginally to 107.55 per dollar in early Asian trade.

the yen jumped almost 8% against the Australian dollar to its strongest since 2009.

Rising domestic fiscal deficit worries, firming crude prices and sustained foreign fund outflows weighed on the local unit.

The S&P/ASX 200 index gained across the board to close 1.4 percent higher at 5,633.4.

The yen jumped almost 8% against the Australian dollar to its strongest since 2009.

The won weakened as much as 0.9 per cent at one point to 1,128.40 per dollar.

Money managers are canceling evening plans to stay at the office.

Of course, there’s no guarantee that these factors will combine to cause the next major market crash.

If any of these predictions happen, Saxo said, “the world will feel like a new place this time next year."

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