Economics
Indian Stocks Slump Most in Asia Amid Global Equities Sell Off
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Indian stocks tumbled the most in Asia after manufacturing contracted in China and Europe, the South Asian nation’s biggest trading partner, and as the rupee weakened to a two-month low.
Reliance Industries Ltd., the nation’s largest company, sank the most in three weeks. Bharti Airtel Ltd., the biggest cell-phone operator, slid 2.7 percent. State Bank of India, the biggest lender, lost 3.2 percent. The rupee weakened past 51 a dollar for the first time since Jan. 17.