Indian shares fall as metal stocks drag

BENGALURU: Indian shares opened lower on Monday, in line with Asian peers, dragged by metal stocks on demand woes in top consumer China, while investors awaited domestic inflation data due later in the day.

The Nifty 50 index was down 0.52% at 19,324 while the S&P BSE Sensex fell 0.51% to 64,971.75 at 9:16 a.m. IST.

Meanwhile, the Indian rupee fell below 83 to the US dollar for the first time since October 2022, as the jump in US yields pressured Asian currencies.