Explore Business Standard
Don’t miss the latest developments in business and finance.
Stocks, rupee weaken, bonds gain in line with global markets
Mumbai, Feb 06 (ANI): Indian shares slid more than 3 percent and the rupee weakened on Tuesday as a global market rout whacked sentiment, adding to existing investor concerns ahead of a central bank meeting this week and a new capital gains tax later in the year. The broader NSE Nifty and the benchmark BSE Sensex each fell as much as 3.7 percent, heading for a sixth consecutive session of falls, with both erasing their gains for the year. Meanwhile, the rupee retreated to 64.35/64.36 at 0455 GMT from its 64.07 close. But bonds gained as investors sought safe havens.