INR WEAKENS AS NIFTY CRACKS 1.50%

Published on Jan 23, 2024 17:05

Indian Rupee slipped today as local equities tumbled. The INR lost down 9 paise at 83.16 per US dollar. Indian equity indices ended with major losses on Tuesday, sliding for the second consecutive trading session. The Nifty settled below the 21,250 mark after hitting the day`s high of 21,750.25 early trades. Pharma and healthcare shares were in demand while media, realty and PSU Bank stocks witnessed major selling pressure. As per provisional closing data, the barometer index, the S&P BSE Sensex slumped 1,053.10 points or 1.47% to 70,370.55. The Nifty 50 index tumbled 333 points or 1.54% to 21,238.80. The US dollar index held near 103 mark amid choppy trades.