Sensex, Nifty Slump Amid Global Selloff

BSE Sensex and Nifty slumped on Friday amid a global selloff and a sharp fall in the value of the rupee against the dollar. The Indian rupee fell over 3-month low of 61.14 against dollar, its lowest since April 25. The dollar has also rallied against other global currencies after a report showed the US economy rebounded sharply in the second quarter. Measured against a basket of its peers, the dollar gained 2 per cent in July fo...