The Indian Rupee slumped today as a recent slide extended amid heavy selling pressure in local equities. The INR fell rupee fell to a two month low near 75.60 per US dollar. The NIFTY tanked more than 2% today as heavy geopolitical tensions weighed on risky assets. This boosted the safe-haven appeal of the greenback and the US dollar index broke above the 96 mark. INR currently quotes down 20 paise at 75.56. Asian equities fell on Monday, following the broadly negative cues from Wall Street on Friday, as traders continue to react to US inflation data and heightened geopolitical tensions between Russia and Ukraine. The Japanese Nikkei index is down 25 while Hong Kongs Hang Send has lost 1.5%. Chinas Shanghai Composite is also lower by 1.40%.
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