Rupee hits record low, Sensex and Nifty decline sharply
The Indian rupee fell to a record low of ₹94.24 against the US dollar, leading to a decline in the Sensex by 926.92 points and the Nifty by 280.95 points in early trade. Rising oil prices and significant FII outflows contributed to the market's downturn.
pre-market1 source ↓written by the desknot a recommendation
- against the US
- ₹94.24
- 74,346.53
- in early trade
- 23,025.50
- totaling
- ₹1,805.37 cr
The Indian rupee fell to a historic low of ₹94.24 against the US dollar, triggering significant declines in the equity markets. The Sensex dropped 926.92 points to 74,346.53, while the Nifty fell 280.95 points to 23,025.50 in early trade.
Key factors include rising crude oil prices, with Brent crude surpassing USD 107.1 per barrel, and heavy FII outflows totaling ₹1,805.37 cr. This situation has heightened investor caution amid global uncertainties.
Not investment advice. For informational purposes only.