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Rupee crashes to all-time low of 69.92 against dollar on Turkish Lira shock

The fall in the broader market was sharper, with two stocks declining for every one advancing on the BSE

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BS ReportersAgencies Mumbai
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

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