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

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