Sensex and Nifty ended lower for the second day, dragged down by banking stocks. The Sensex fell 33 points to 38,690 while Nifty settled at 11,676, down 15 points. Gains in metal, pharma and FMCG stocks were offset by losses by banking stocks. The Nifty banking index fell nearly 0.45%. The rupee hit a fresh low of 70.82 against the US dollar today, continuing its slide against the greenback. The rupee had closed at 70.59 against the US dollar on Wednesday. Month-end dollar demand from importers and a slide in other Asian currencies weighed on the rupee. So far this year, the rupee has weakened 9.76% against the US dollar, weighed down by outflows from debt markets. Foreign investors have sold $256.45 million and $7.96 billion in equity and debt markets.
Source- https://www.livemint.com
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