Rupee falls to fresh low of 84.41 against US dollar
By 2024-11-13 10:20:22
The rupee drops to a new low of 84.41 versus the US dollar.
The BSE Sensex fell 94.40 points to 78,580.78, while the NSE Nifty declined by 55.25 points to 23,828.20
Indian markets opened weak as global cues and a cyclical earnings slowdown dampen investor sentiment. The BSE Sensex fell 94.40 points to 78,580.78, while the NSE Nifty declined by 55.25 points to 23,828.20. Analysts highlight mounting pressure in mid-cap and small-cap stocks, with Jefferies India lowering earnings forecasts for 63% of the large-cap companies it covers—the highest downgrade ratio since the pandemic in 2020.
