Financial markets witnessed a sharp fall on Thursday as investors dumped equities to shore up safer assets like the U.S. dollar, pushing the rupee’s value down against the dollar.

The benchmark Bombay Stock Exchange (BSE) 30-Share Sensitive Index (Sensex) tumbled by 387.91 points, or 1.93 per cent, to close at 19674.33.

The rupee breached the psychological level of 56 per a U.S. dollar to touch 56.01 in the intra-day. It closed at 55.59/60.

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