MUMBAI (Reuters) - The Nifty fell for a fifth consecutive session on Friday to post its worst weekly fall since December 2011, continuing to reel after a forecast for weaker-than-expected monsoon raised fears the Reserve Bank of India (RBI) would not cut rates again this year.
Share markets have accelerated losses since the forecast on Tuesday, which came on the day the central bank cut interest rates by 25 basis points but warned that future easing would depend on how the monsoon impacts domestic inflation.
The Nifty fell 0.2 percent to 8,114.70 on Friday, bringing its weekly loss to 3.78 percent - the biggest since a 4.4 percent fall in December 2011.
The benchmark Sensex fell 0.17 percent to 26,768.49, down 3.81 percent for the week, the biggest weekly fall since a 3.89 percent decline in December 2014.
(Reporting by Rafael Nam and Neha Dasgupta; Editing by Anupama Dwivedi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app