Latest India News: Rupee breaches 49 against dollar, BSE Sensex posts 700-point loss, Food inflation softens!

Rupee breached the crucial 49 mark against the dollar; and BSE Sensex plunged almost 700-points at afternoon on Thursday with banking, capital goods and metal sectors hit the most. Further, India’s food inflation arrived a tad softer at 8.84% in the week ended September 10.

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Most badly hit A-Group shares are Educomp Solutions, real estate player HDIL, Infrastructure major Jaiprakash Associates, Shree Renuka Sugars, PFC, Pantaloon Retail, Reliance communications, Suzlon Energy and Godrej Industries – all of which were weaker in the range of 6-8% from yesterday’s closing levels.

Rupee has hit nearly 25 months low on the back of global jitters and strong demand for dollar from importers and banks. Rupee depreciated by almost 1% to test 49.18 to dollar in today’s session.

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