Indian Rupee slumped today, extending losses above 78 per US dollar mark. Worries over global interest rate hikes and continued selling pressure in local stock markets weighed on the INR. The Rupee ended at 78.22 per US dollar, down 17 paise on the day. The key equity barometers ended flat after a volatile session on Wednesday. The Nifty closed below the 15,750 level after hitting a high of 15,783.65 in early afternoon trade. Auto, financials, and pharma stocks advanced while metal, oil & gas, and realty stocks declined.Powered by Commodity Insights
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