Sensex sinks 1,020 points as rate hikes trigger global sell-off; posts weekly loss

The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.

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