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China stock crash pulls Sensex down by 400 points

| | Jan 07, 2016, at 04:31 pm
Mumbai, Jan 7 (IBNS) Indian markets fell sharply on Thursday amid a crash in China stocks causing the Sensex to hurtle over 400 points to below 25,000 - its lowest level in nearly three weeks, reports said.

The development witnessed  Nifty plunge to near 7,600 level. The rupee also fell to inch towards 67/dollar.

 Trading in China markets has been suspended for the day after Shanghai shares tanked more than 7 per cent following a sharp fall in its currency yuan. This is the second time this week trading was suspended in China for the day.

 The rupee fell to 66.93/dollar today, continuing its recent weakness amid a depreciation of the Chinese yuan. The rupee had closed at 66.82 on Wednesday.

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