Donald Trump tariff hits stocks; rupee breaches 87 per dollar mark

Quick Summary:

The rally in consumer goods stocks also cooled off, with the Nifty FMCG index declining 1.7 per cent.

After hitting a low of 76,756, the Sensex finished at 77,187, down 319 points, or 0.41 per cent.The Nifty fell 0.5 per cent, or 121 points, to end at 23,361.

The rupee logged its steepest single-day decline since January 13, when the domestic currency breached the 86 per dollar mark.

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Category: BusinessFinance

Markets: IndiaCanadaChinaIndonesiaSouth KoreaMalaysiaMexicoTaiwanThailand

Topics: Indian stocks Indian rupee US Dollar Reserve Bank of India Donald Trump tariff hike Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 19:36:43 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 935 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25799587

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