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This is an archive article published on October 1, 2013
Sensex drops 347.5 points,Rs slips to 62.60
The broader NSE index fell 1.68 per cent,or 97.90 points,to end at 5,735.30.
Written by Reuters
Mumbai | October 1, 2013 02:47 AM IST
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The benchmark BSE index slumped nearly 2 per cent on Monday as blue chips were hit by worries about the economy after the central bank raised interest rates earlier this month,while concerns about a likely US government shutdown also weighed.
The benchmark BSE index slumped 1.76 per cent,or 347.50 points,to end at 19,379.77. The broader NSE index fell 1.68 per cent,or 97.90 points,to end at 5,735.30.
The Indian rupee fell on Monday on caution ahead of the current account deficit data,but still posted its biggest monthly gain in a year helped by the central banks measures to attract more capital and the US Federal Reserves decision to continue with its bond purchases.
The rupee closed at 62.60 per dollar compared with 62.51 on Friday. For the month,the rupee gained 5 per cent,snapping a four-month losing streak and marking its biggest monthly gain since September 2012.
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