# Growth blues pull down stocks, rupee - The Hindu

> The Sensex fell 769 points, or 2.06%, and the rupee fell 1.4% to its lowest since November on September 3, 2019. Weak Indian Q1 GDP growth of 5% and weak core sector data drove the sell-off. US-China tariff tensions added to the currency's weakness.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/57387-growth-blues-pull-down-stocks-rupee-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Weaker domestic growth reduces India's demand for imports and pressures the rupee, which raises the cost of dollar-priced inputs. The impact on grain and feed prices is indirect.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/growth-blues-pull-down-stocks-rupee/article29326038.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.