Sensex ends 550 points down on weak rupee, RBI rate hike fears
Earlier in the day, the Indian rupee slipped to 73.42 per US dollar -- the lowest-ever -- against the greenback at the Inter-Bank Foreign Exchange Market.
Earlier in the day, the Indian rupee slipped to 73.42 per US dollar -- the lowest-ever -- against the greenback at the Inter-Bank Foreign Exchange Market.
Persistent depreciation in the Indian rupee and high crude oil prices coupled with concerns over credit crisis dragged the key equity indices three per cent lower on a weekly basis during September 17-21.
The 30-share index, which had gained 95.61 points in yesterday's session, was quoting lower by 79.95 points, or 0.23 per cent, at 34,347.34, with metal, banking, realty, FMCG, power and PSU stocks leading the fall.
Caution over a US Federal Reserve rate-hike in December, coupled with a weak rupee and profit booking by investors, pulled…
