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Sensex Drops 516 Points on West Asia Tensions

The BSE Sensex fell 516 points to close at 77,328.19 on Tuesday, its second consecutive losing session, as renewed West Asia tensions dampened investor sentiment. Rising geopolitical risk threatens higher oil prices, which would widen India's import bill and pressure the rupee.

Rupee Hits Record Low Amid West Asia Tensions

The Indian rupee fell to a record intraday low of 95.34 against the U.S. dollar, trading 37 paise lower at 95.25 in afternoon interbank trade. Rising West Asia tensions pushed investors toward the dollar, weakening the rupee sharply. A sustained drop could raise import costs, particularly for crude oil.

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