Sensex Falls 10% From High as Banks Extend Worst Drop Since 2009

Sensex Falls 10% From High as Banks Extend Worst Drop Since 2009

Dhiraj Singh/Bloomberg

The Reserve Bank of India since mid-July has raised the marginal standing facility and bank rates, capped cash injections into the banking system and tightened lenders' daily reserve requirements to curb the supply of rupees, seeking to shore up the currency's value.