Indian rupee has dropped to record low of 61.60 against a dollar on Tuesday. Sensex also saw a decline as Indian equities markets plunged to 420.56 points.
The recent slump in the Indian currency is due to fresh dollar demands from banks and importers and weakness in the stock markets. The value of the rupee depreciated by 72 paise. The Indian currency had closed at 60.88 against a US dollar on Monday.
It surpassed its previous low of 61.21 hit on July 8.
All the sectors were trading in red led by banking index (bankex), consumer durables, metal, capital goods and healthcare.
The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 19,127.10 points, was trading at 18,761.70 points (till 3.30 pm), down 420.56 points.
The Sensex touched a high of 19,131.92 points and a low of 18,753.34 points during trade so far.
The S&P BSE bankex tanked 367.34 points, consumer durables index plunged 294.56 points, metal index dropped 180.89 points, capital goods index dipped 169.84 points and healthcare index slipped 110.05 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading down at 5,546.30 points.
(with inputs from IANS)
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