Indian Stocks Fall to Two-Month Low as Rupee Weakens to Record
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Indian stocks dropped to the lowest level in more than two months after the rupee’s slide to a record spurred concern outflows will accelerate.
The S&P BSE Sensex fell 0.6 percent to 18,519.82, according to preliminary closing prices in Mumbai. Cell-phone operator Bharti Airtel Ltd. dropped the most in a about a year. Tata Motors Ltd. slid for the seventh day. The rupee weakened past 60 to a record low today.