August 22, 2013

Banking shares fall as rupee hits new low




YES Bank, Federal Bank, ICICI Bank, HDFC Bank, IndusInd Bank and Axis Bank are down BSE. Dena Bank, Uco Bank, Syndicate Bank and State Bank of India from public sector are down 1% each.

The BSE banking share index, 
Bankex, was down 2.4% at 10,305 as compared to 02.1% fall in benchmark S&P BSE Sensex at 1128 hours. The index hit low of 10,281 during intra-day trades.

The rupee was trading at 65.37 per dollar, after hitting a record low of 65.50 per dollar in early trades on the Interbank Foreign Exchange market.

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