Mayhem continues on D-Street: Sensex crashes 806 pts; rupee hits record low

The selloff on Thursday was led by oil marketing companies and energy major Reliance Industries, which fell 7%

Indian equities slid to their lowest levels in three months on Thursday as a falling rupee, surging global crude oil prices, and weak global cues continued to weigh on investor sentiment.

The rupee fell to an all-time low of 73.6 against the dollar, down more than 13 per cent this year, making it the worst-performing currency in Asia. The rise in inflationary pressures could compel the Reserve Bank of India (RBI) to raise interest rates on Friday, say experts.

The S&P BSE Sensex declined 2.2 per cent, or 806 points, to 35,169, the lowest close since June 28. The 50-share Nifty slumped