Market review: Sensex fails to maintain mid-week gains, loses 75 points
The total turnover at BSE and NSE was Rs 12,784.27 crore and Rs 63,160.24 crore, respectively as against the last week's level of Rs 10,387.37 crore and 64,486.65 crore.
Forex: The Indian rupee continued its downslide for the third week in a row as it tumbled by 58 paise to close at a three-week low of 55.06 against the Greenback following sluggish local equities amid sustained dollar demand from importers.
However, sustained capital inflows made a feeble attempt to restrict the rupee fall.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed the week better at 54.41 a dollar from last weekend's close of 54.48 and immediately touched a high of 54.40.
Later, it continued to decline and logged a low of 55.30 before concluding the week at 55.06, showing a fall of 58 paise or 1.06 pc. In three weeks of losing string, it has plunged by 80 paise or 1.47 pc.
The Indian benchmark sensex closed the week down by 75.25 points or 0.39 pct while Foreign Institutional Investors (FIIs) pumped in USD 817.29 mln in the first four days of the week.
Experts said government lowering the growth projection for the current financial year to 5.7-5.9 per cent from 7.6 per cent estimated earlier dampened the rupee sentiment.
On Tuesday, the RBI kept short-term lending (repo) rates and cash reserve ratio (CRR) unchanged in the mid-quarter policy review, hinting easing of rates in the next meeting scheduled on January 29, 2013.
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