News > Bloody Monday: Indian stocks plummet

Bloody Monday: Indian stocks plummet

The Free Press Journal | 29/08/2022 11:27 AM | Click to read full article

Indian stocks declined sharply on Monday morning tracking negative cues from global benchmarks as stocks in the US plummeted after Federal Reserve Chair Jerome Powell said the central bank won't back off in its fight against rising inflation.

The rupee sinks below the 80 mark against the dollar for the first time in more than a month.

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