Benchmark indices face first weekly decline, steepest in 20 weeks
Sensex and Nifty faced their first weekly decline after four weeks of gains on Friday. The Sensex dropped to a low of 72,485 while the NSE Nifty 50 dipped to a low of 21,932.
The Rupee weakened by 5 paise to trade at 64.39 against the US Dollar in opening session at the Interbank Foreign Exchange on Tuesday.
Fresh demand for the US currency from banks and importers weighed on the Rupee sentiment, dealers said.
Domestic equity markets opening with strong gains, however, helped the Rupee cap losses, they added.
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The Rupee had shed 2 paise to end at 64.34 against the US currency yesterday.
Meanwhile, the benchmark BSE Sensex hit a new high of 32,374.30 by rising by 128.43 points. The NSE Nifty breached the historical 10,000 mark in opening trade.
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