(Bloomberg) — India’s rupee weakened to a new low and stocks slumped anew amid a global meltdown in risk assets, with rising number of coronavirus cases locally adding to anxiety. Sovereign bonds also declined.The rupee declined as much as 1.1% to 75.0562 per dollar to go past the key 75 mark for the first time. The S&P BSE Sensex index pared losses of as much as 7.5% to still trade at levels last seen in 2017, while the NSE Nifty 50 Index recovered partially from lows seen in the weeks after the government’s cash ban in November 2016.Global funds have …read more
Source:: Yahoo Finance
