India Stocks Hit 32-Month Low As Oil Shock, Rupee Weakness And Foreign Selling Deepen Market Rout

India’s benchmark Sensex fell to its lowest level in 32 months on Thursday as surging oil prices, rising global bond yields and a weaker rupee intensified inflation concerns, adding to the pressure created by the Reserve Bank of India’s hawkish interest-rate increase a day earlier. The Nifty 50 fell 1.64% to 22,231.80, while the Sensex […]

The post India Stocks Hit 32-Month Low As Oil Shock, Rupee Weakness And Foreign Selling Deepen Market Rout appeared first on Tekedia.