Indian financial markets closed

MUMBAI: India’s equity, currency and debt markets will be closed on Tuesday, March 31, for a local holiday. Trading will resume on Wednesday, April 1.

The Nifty 50 fell 2.14 percent a near one-year low of 22,331.4 on Monday and the BSE Sensex slid 2.22 percent to 71,947.55, its lowest in over two years, with the benchmarks logging their biggest monthly slump in six years as the Iran war drove crude prices higher and stoked growth worries.

The Indian rupee closed largely flat versus the US dollar to 94.83, closing out a rough fiscal year for the South Asian currency, in which trade frictions, geopolitics and weak capital flows pummeled the currency.

The benchmark 10-year bond closed at 96.2 rupees, with the yield up 9 bps at 7.0345 percent.