- Indian rupee snaps 2-day gains against dollar, drops 21 paiseP Chidambaram eyes $15 bn rollover of subsidy costs into next budgetBSE Sensex drops 42 pts to over week's low ahead of RBI policy review meetBSE Sensex target: Deutsche outlook puts index at record 22,000, top picks Axis Bank, Bharti Airtel shares
Among the sectoral indices, S&P BSE Realty dropped by 2.17 pct followed by FMCG 1.92 pct, Healthcare 1.78 pct, Oil & Gas 1.40 pct, TECK 1.37 pct, IT 1.21 pct and AUTO lost 1.14 pct.
However, S&P BSE CG rose by 5.43 pct and Bankex gained 1.56 pct. S&P BSE small and midcap indices also firmed up by 1.53 pct and 1.19 pct, respectively, on the back of buying from retail investors.
Turnover at BSE and NSE rose to Rs 10,218.99 crore and Rs 57,050.94 crore respectively, from the last weekend level of Rs 7,605.86 crore and Rs 45,274.33 crore.
The rupee continued to fall against the American currency for the 2nd consecutive week on persistent dollar demand from banks and importers ahead of the Reserve Bank of India's meeting next week in spite of sustained capital inflows from foreign funds into equity market.
The rupee resumed lower at 61.35 per dollar as against the last closing level of 61.27 at the Interbank Foreign Exchange (Forex) market and dropped further to 61.83 on heavy dollar demand from banks.
However, it recovered afterwards to 61.05 per dollar before ending the week at 61.46, still showing a loss of 19 paise or 0.31 per cent from its last weekend's level.
The rupee has dropped nearly 39 paise or 0.64 per cent in the last two weeks.
The domestic currency moved in a range of 61.05 to 61.83 per dollar during the week.