Sensex down more than 300 points as geopolitical concerns weigh
BSE Sensex is down by more than 300 points on Tuesday as geopolitical factors continue to weigh on the markets.
The dollar losing sheen against other currencies overseas supported the local unit, traders said. A higher start in domestic equities added to the upside, they added.
On Friday, the rupee had depreciated by 24 paise to end at 65.38 on persistent demand for the American currency from importers.
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The benchmark BSE Sensex advanced by 67.10 points, or 0.21 per cent, at 31,881.32 in early session on Monday.
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The rupee went up 6 paise to 65.32 against the dollar on Monday after the US currency found no takers among exporters and banks.