Sensex Extends Loss After Worst Week Since June as Rupee Slides

Indian stocks fell, extending their drop from last week, as the slide in the rupee amid a selloff in emerging-market assets threatened to slow economic growth and dent a recovery in company earnings.

The S&P BSE Sensex lost 1.2 percent to 37,922.17 at close in Mumbai, its biggest daily drop since March. All but one of the 19 sector sub-indexes compiled by BSE Ltd. declined, with utilities sliding 1.3 percent on a proposal to change laws governing their business. Axis Bank Ltd. gained the most on the gauge after appointing a new chief executive officer. The equities benchmark retreated 0.7 percent last week, its worst performance since the last week of June. The rupee weakened to a fresh low as the U.S. threatened to impose more tariffs on Chinese goods.