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Dalal Street sees sharp selloff as rising oil and dollar rush hurt sentiment

  • Posted on May 13, 2026
  • By Business News Today
  • 0 Views
  • 1 min read
Dalal Street sees sharp selloff as rising oil and dollar rush hurt sentiment
Dalal Street sees sharp selloff as rising oil and dollar rush hurt sentiment

The Indian rupee hit a record low for the second consecutive day, while key equity indices experienced their biggest single-day fall in six weeks. This decline was triggered by uncertainty surrounding US-Iran peace talks, which pushed oil prices higher, and Prime Minister Modi's austerity call, eroding market confidence and prompting dollar buying.
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Business News Today

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