Indian equity markets indicated a weak opening on Thursday as benchmark indices traded lower in pre-open deals. The Sensex slipped over 180 points, while the Nifty50 hovered near the 26,100 mark. Weak global cues and cautious investor sentiment weighed on markets.
The delay in the trade agreement has weakened investor sentiment, which has directly impacted the rupee. In addition, the prevailing risk-averse sentiment in the market and strong demand for the US dollar from importers further pressured the rupee.
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