Sensex erases gains as rupee extends losses, down 1% to 64.85/$

The market continued to trade mildly higher amid volatility. All sectoral indices were trading in the green barring Realty. The Sensex traded higher with more than 100 points gains while PSU Bank index extended gains to nearly 2 percent on short covering. Mid and smallcap indices, too, were in the green. The rupee extended losses in afternoon, falling 54 paise to trade 64.75 against the US dollar, the highest level in three months.

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Posted in: Indian Market Tips