NSE index falls 2% as rupee hits record low

India's NSE index fell 2% today 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.

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.

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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%.