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Indian shares edge lower; rupee breaches 80/dollar level

A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas

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BENGALURU, July 19 (Reuters) – Indian shares inched lower Tuesday, tracking global markets in the absence of major domestic triggers, while the rupee slipped below the psychological level of 80 to hit a record low against the dollar.

The NSE Nifty 50 index (.NSEI) was down 0.2% at 16,245, as of 0353 GMT, while the S&P BSE Sensex (.BSESN) fell 0.21% to 54,404.88. Both the indexes rose more than 1% in the previous session, with the Nifty hitting its highest since June 10.

The partially convertible rupee extended its record-setting spree against the dollar, hitting an all-time low for the seventh straight session. read more

Asian shares slipped, following overnight declines on Wall Street, and the dollar…

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