Sensex, Nifty Fall Amid Global Selloff, Rupee Slump

The BSE Sensex, Nifty were down 0.35 per cent, tracking a selloff in global equities and a slump in the rupee. The Indian rupee fell to a four-and-half month low against the dollar on Wednesday. The partially convertible currency fell to 61.41 per dollar, its lowest since March 14. It later recovered to trade at 61.23 against its previous close of 60.85/dollar. The reverses in the rupee came on the back of a rising dollar, wh...