Advertisement

HindustanTimes Mon,21 Apr 2014

NSE index falls 2% as rupee hits record low

Reuters  Mumbai, August 19, 2013
First Published: 13:32 IST(19/8/2013) | Last Updated: 14:37 IST(19/8/2013)

India's NSE index fell 2% on Monday as the rupee dropped to record lows, while the benchmark 10-year government bond yield rose to 9% with the government's measures being seen as inadequate to halt the free-fall in the rupee.

Advertisement

Blue chips including ICICI Bank fell nearly 4% on fears that foreign investors may pare their holdings in Indian stocks as the rupee hits a record low.

The broader NSE index fell 2.1% while the benchmark BSE index lost 2%.

Advertisement
more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved