Mumbai/IBNS, April 13 -- The Indian currency came under fresh pressure on Monday as the rupee plunged 49 paise to 93.32 against the US dollar amid global turmoil, media reports said.

Market crashes too

The Indian stock market also witnessed a sharp sell-off, with rising crude prices and fading hopes of a US-Iran ceasefire denting investor sentiment.

The BSE Sensex fell over 2 percent, while the NSE Nifty 50 declined by a similar margin amid broad-based selling.

All major sectoral indices traded in the red, led by losses in PSU banks, followed by banking, financials, and oil & gas stocks.

Defensive sectors such as pharma and healthcare saw relatively milder selling, though overall sentiment remained weak.

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