BREAKING: Sensex plunges 800 points

The rupee collapsed to a fresh low of 73.91 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.

Sensex also opened with major losses on Thursday amid rupee's fresh fall against the USD. Sensex dropped 800 points. The NSE Nifty index too fell 164.60 points, or 1.53 per cent, to 10,693.65.

Consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure.


Meanwhile, state-owned oil marketing companies have been allowed to raise USD 10 billion from overseas market to meet their working capital needs. The international benchmark Brent crude breached the US 86 per barrel level, near its four-year high.