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 fell further by 15 paise to 64.64 against the US Dollar on Wednesday, with a lacklustre domestic stock market casting its shadow on the movement.
Increased demand for the American currency from importers and banks meant there was sustained foreign capital outflows.
The Dollar's weakness against some currencies overseas, however, kept the fall to a minimum.
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On 20 June, the Rupee had ended marginally lower by 6 paise to 64.49 against the US Dollar in a range-bound trade on fresh bouts of demand for the greenback amid caution among investors ahead of GST rollout from 1 July.
The benchmark BSE Sensex fell 62.55 points, or 0.19 per cent, to 31,234.98 in early trade on Wednesday.
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