Markets fall in India

Markets Tank In India As Rupee Hits Record Low

The benchmark Sensex on the Bombay Stock Exchange fell 0.67%, and closed at 54,470 points.

Similarly, the benchmark NIFTY on the National Stock Exchange fell 0.67%, and closed at 16,301 points.

A major drag on these indices has been Reliance Industries, which fell 4.3% and ended at ₹2,508.

The rupee also traded at an all time low of ₹77.17 to the dollar.

Oil prices are a concern too, with benchmark Brent regaining $110 per barrel.