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Sensex Down 75 pts And Rupee Declined By 17 Paise

Oct. 13 Economy Comments

[Mumbai] Sensex Down 75 pts And Rupee Declined By 17 Paise despite positive economic data And Beginning Of Festive Season
The benchmark BSE Sensex fell over 75 points in early trade today on profit booking by investors in recent gainers despite positive macroeconomic data.
The 30-share barometer, which had lost 175.40 points in yesterday’s session, was trading down 75.45 points, or 0.28 per cent, at 26,828.66, with metal, IT+teck+banking+auto stocks leading the losses.
On similar lines, the NSE Nifty shed 22.90 points, or 0.28 per cent, at 8,120.70 points.
Indian rupee declined by 17 paise to 64.92 against the dollar in early trade today on increased demand for the US currency from importers.Besides, early losses in domestic equity markets weighed on the rupee,
The dollar was weak against major world currencies which capped rupee losses,
The rupee had shed 1 paisa to close at 64.75 against the US currency in the previous session.

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