What's behind the rupee's never-ending depreciation? moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Foreign portfolio investors, having splurged on government bonds ahead of India s inclusion in global indices, offloaded ₹3,966 crore (around $450 million to $475 million) worth of sovereign debt in a single day when the rupee weakened past successive technical levels amid a retreating Chinese yuan and lack of significant market interventions by the Reserve Bank of India.
In the domestic equity market, the 30-share BSE Sensex was trading 20.84 points or 0.03 per cent lower at 69,530.19 points. The broader NSE Nifty inched up 5.15 points or 0.02 per cent at 20,911.55 points.