Indian stocks continued their decline on Friday, with the benchmark Sensex posting its biggest two-day drop since February 2009, on concerns policymakers worldwide may not be able to avert another recession. The rupee weakened to its worst performance in more than 18 years, as investors sought the relative safety of the dollar. Gold declined below $1,700 an ounce in New York and headed for the biggest weekly drop since 2008 as some investors sold the metal to cover losses in other assets. Oil and commodities fell on fears that a global recession will slash demand.
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Graphic by Sandeep Bhatnagar/Mint