Bank Nifty Crashes 1,433 Pts as RBI’s $100M Forex Cap Forces $40Bn Unwind; Axis, SBI Lead Sectoral Rout

Indian banking stocks plummeted on Monday as investors braced for a multi-billion rupee blow to treasury earnings following a surprise regulatory crackdown by the central bank aimed at stabilizing the rupee.The Nifty Bank index sank 1,433.50 points, or 2.67%, to trade at 52,274.6

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