Indian Rupee Slumps To Record Low As China Volatility Drags Down Stock Market To 15-Month Low

India's benchmark stock index, the S&P BSE Sensex, slipped 1.22 percent during Monday's trade, closing at 24,893.81 points -- its lowest level in 15 months. The much larger Nifty index also fell 1.26 percent, closing down 96 points, as a weak rupee and the slowdown in China continued to rattle investors.