Rupee Falls To 68 Against USD, Sensex down by 500

MUMBAI: ​The BSE sensex on Tuesday tumbled nearly 559 points on fund outflows as rupee dips below 68 per dollar.

Earlier, the sensex plunged by 390.10 points, or 2.2% to 18,496.03 with all the sectoral indices losing up to 2.67%.

Similarly, the broad-based National Stock Exchange index Nifty dropped by 129.20 points, or 2.3% to 5,421.55 driven by stocks of HDFC, ITC and RIL.

Brokers said investors confidence remained jittery as the rupee again dipped below 67 per dollar, raising fears of widening fiscal deficit.

They said funds were also active and booked profits following four sessions of gain in front-runner stocks.

The heaviest on the benchmark with their nearly 20% weightage - Reliance Industries plunged 3.93% to Rs 849 and ITC by 2.79% to Rs 310.50. The HDFC, also a index kitty stock, dropped by 4.21% to Rs 704.75.

Shared From Times Of India

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- Unknown Updated at: Tuesday, September 03, 2013