Rupee hits record low, Sensex and Nifty decline sharply
The Indian rupee hit a record low of ₹94.24 against the dollar, causing the Sensex to fall by 926.92 points to 74,346.53 and the Nifty to drop by 280.95 points to 23,025.50. Elevated oil prices and FII outflows added to market pressures.
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹94.24
- 74,346.53
- in early trade
- 23,025.50
- ₹1,805.37 cr
The Indian rupee fell to a historic low of ₹94.24 against the US dollar, leading to 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.
Factors contributing to this downturn include elevated crude oil prices, with Brent crude surpassing USD 107.1 per barrel, and heavy FII outflows of ₹1,805.37 cr. Investor sentiment remains cautious amid these pressures.
Not investment advice. For informational purposes only.