After a sharp surge in rupee in the last session, domestic currency logged its biggest daily loss in nearly two months on Thursday. Sliding by 39 paise, rupee ended the day at Rs 61.34 per dollar on fears of capital outflows from emerging markets after Federal Reserve chief signalled a sooner than expected hike in US benchmark interest rates.
Meanwhile, equity markets also came under pressure as the benchmark Sensex fell by 92.77 points to 21,740.09 and Nifty ended the session below 6,500- mark at 6,483.10 after losing 40.95 points.As per experts, both currency and equity markets came under pressure after Federal Reserve chair Janet Yellen said the time-frame for raising interest rates could be on the order of around 6 months after the stimulus ends. The Fed also voted to cut its monthly bond purchases by $ 10 billion.