In a report, S&P said global macro performance over the next few quarters points towards growth slowdown with tightening financial conditions amid rate hikes by central banks.
BSE Sensex declined over 188 points on Thursday and NSE Nifty dipped 40.50 points.
Both gold and silver are trading on the lower side for the second time in a row on the Multi Commodity Exchange (MCX). Check the latest city-wise prices here.
The rupee has risen 35 paise to 81.58 against the US dollar.
Watch Dr Sajjid Z Chinoy, Chief India Economist, JP Morgan Chase, shares his perspectives on falling rupee, rising inflation and more on this episode of News Today.
Benchmark indices, Sensex and Nifty, ended nearly 1% lower on Wednesday, tracking a weak trend in global markets and continuous foreign fund outflows.
Closing at 81.94 per US dollar, the Rupee hit a fresh record low against the dollar on Wednesday.
Ahead of the festive season, the Centre on Wednesday increased the dearness allowance for government employees by 4 per cent.
On Wednesday, both gold and silver were trading on the lower side of the Multi Commodity Exchange (MCX). Check the latest city-wise prices here.
Indian Rupee declined by 40 paise to close at 81.93 (provisional) against the US dollar on Wednesday.
Falling for the fifth consecutive session, the 30-share BSE index ended 37.70 points or 0.07 per cent lower at 57,107.52. Similarly, the NSE Nifty shed 8.90 points or 0.05 per cent to close at 17,007.40.
Jeff Bezos has overtaken Gautam Adani on the Bloomberg Billionaires Index. Elon Musk leads the list with a net worth of USD 245 billion.