Rupee, trade war concerns return to sink markets as Sensex loses 500 points

The 30-share index lost 505.13 points to close at 37,585.51 while the broader 50-share NSE Nifty closed at 11,377.75, losing 137.45 points. The rupee fell more than 1 per cent to 72.70 against the US dollar on Monday versus its previous close of 71.80.

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