Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
The rupee dropped by 15 paise to 64.89 against the US currency in early trade on Tuesday, breaking its six-day winning streak.
A spurt in dollar demand from importers amid sustained foreign fund outflows weighed on the rupee.
Dealers said the dollar’s gains against some other currencies overseas also impacted the domestic currency.
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On Monday, the rupee had ended at more than three-week high of 64.74 a dollar, surging by 19 paise helped by extremely bullish macro indicators.
The benchmark BSE Sensex rose further by 20.77 points, or 0.06 per cent, to 32,654.41 in early trade today.
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