Bowing to a global rout in currencies on fears of an economic crisis in Turkey, the rupee on Monday nosedived by Rs 1.09 to close at an all-time low of Rs 69.92 against the US dollar. It was biggest single-day fall in almost five years.
The apprehensions about turmoil in the Turkish economy engulfing world markets also pushed the Indian stock market index into a tailspin. The benchmark Sensex and Nifty fell over half a per cent each, with metals and banking stocks leading the fall.
The fall in the broader market was sharper, with two stocks declining for every