Markets decline as rupee weakens to 95.88
after close1 source ↓written by the desknot a recommendation
- Nifty slipping below
- 23,000
- 225 points
- against the dollar
- 95.88
Indian equity markets opened sharply lower, with the Nifty slipping below 23,000, down over 225 points. This decline comes amid concerns over a potential repo rate hike by the Reserve Bank of India, further exacerbated by the rupee hitting 95.88 against the dollar. Traders are closely watching developments surrounding the upcoming Tata Sons AGM.
Not investment advice. For informational purposes only.