Markets down, rupee slips to 95.60 against US dollar
News Source : The Indian Express
News Summary
- The BSE Sensex dropped 0.5% to 73,615.99, while Nifty 50 shed 0.48% to reach 23,104.4.
- Rupee fell by 35 paise to 95.60 against the US dollar in early trade on Thursday.
- According to the traders, the climb of rupee was aided by dollar selling by state-run banks.
- Later that day, the US launched a fresh wave of strikes on Iran.
- This triggered retaliatory attacks from Iran, which hit US military bases in the Gulf region and fired upon vessels on the Strait of Hormuz.
Indian share markets opened lower on Thursday amid simmering tensions in the West Asia conflict and a sharp spike in US inflation readings. At 9.15 am IST, the BSE Sensex dropped 0.5% to 73,615.
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