Market records steepest weekly declines in over two years
At close, Sensex ended near the 78,000 mark, shedding 1.5% from the previous session, while the Nifty fell below 23,600, also down 1.5%.
The rupee edged up 3 paise to 64.02 against the dollar on Tuesday as the US currency lost some muscle overseas.
Exporters and banks stayed away from the American currency as capital inflows jumped.
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The dollar’s lustre dimmed against other currencies globally, which supported the local unit.
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In the opening session, the domestic unit was up by 3 paise at 64.02. On Friday, it had ended flat at 64.05.
Stock benchmark Sensex rose 65.07 points, or 0.19 per cent, to a record high at 34,005.37 and the Nifty went up 22.10 points, or 0.21 per cent, to a new peak of 10,515.10 in early session on Tuesday.
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