India's NSE index falls 1.34 percent, breaking below its 200-day moving average, while the benchmark BSE index is down 1.25 percent. The rupee fell to a record low of 61.21 as an emerging markets sell-off after strong U.S. jobs data laid bare the currency's vulnerability and dependence on capital inflows to fund its record current account deficit.
MARKET EYE-Indian shares fall as rupee hits record low
India's NSE index falls 1.34 percent, breaking below its 200-day moving average, while the benchmark BSE index is down 1.25 percent. The rupee fell to a record low of 61.21 as an emerging markets sell-off after strong U.S. jobs data laid bare the currency's vulnerability and dependence on capital inflows to fund its record current account deficit.
