Sensex falls for third day while rupee sinks more than two months down

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Asian markets also turned negative, giving investors more nervousness.

The BSE Sensex fell 30.47 points Thursday to 32,370.04, extending the losses of a third day, due to the capital outflows of foreign funds after the US Federal Reserve announced a plan to reduce the stimulus measures and hinted at another hike in interest rates.

Asian markets also turned negative, giving investors more nervousness.

After opening in the positive zone at 32,406.42, the Sensex advanced to the high of the day of 32,462.61 at the beginning, largely due to the uninterrupted purchase of domestic investors.

It subsequently yielded gains and fell to a low of 32,164.42 while the rupee sank more than two weeks down from 64.81 (intra-day) against the dollar as the Federal Reserve’s rate hike expectations USA

However, the index managed to recover most of the losses after European stocks opened up better. The 30-share barometer closed with a fall of 30.47 points, or 0.09 percent to 32,370.04.

The 50 NSE Nifty Shares closed lower at 19.25 points, or 0.19 percent at 10,121.90 after moving in the range of 10,158.90 and 10,058.60.