Stock Market ends in the red; Sensex loses 500 points
The Indian stock market ended in the red on Tuesday, with the Nifty falling below the 23,900-mark and the Sensex dropping nearly 500 points.
The rupee eased further by 2 paise to 64.14 against the US dollar in early trade at the interbank forex market today due to sustained foreign fund outflows.
Increased demand for the US currency from importers and banks kept the dollar higher, traders said.
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The rupee moved in a range of 64.11 a dollar to 64.14 a dollar in morning trade.
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Yesterday, the rupee had dropped by 12 paise to 64.12 against the US dollar.
Meanwhile, the benchmark Sensex moved down by 68.45 points, or 0.21 per cent, at 32,173.48 in morning trade today.
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