Banking shares were under pressure trading lower by up to 5% after the Indian rupee falls nearly 2% breaches 67 per dollar in noon deal trades.
ICICI Bank, IndusInd Bank, Axis Bank, YES Bank, Federal Bank, Canara Bank and Bank of India were down by 3-5% on the Bombay Stock Exchange (BSE).
The BSE banking index Bankex fell nearly 3% as compared to 1.7% fall in benchmark S&P BSE Sensex at 1235 hours.
The Indian rupee slipped 1.9% on Tuesday to trade above the 67.25 mark against the U.S. dollar. The partially convertible rupee had closed at 66 per dollar on Monday.
Among the individual stocks, IndusInd Bank has tanked 6% to Rs 359 on BSE. Axis Bank fall 5% at Rs 823, followed by YES Bank (4.4% at Rs 241), Bank of India (3.6% at Rs 139) and Canara Bank (3.4% at Rs 200).
ICICI Bank, IndusInd Bank, Axis Bank, YES Bank, Federal Bank, Canara Bank and Bank of India were down by 3-5% on the Bombay Stock Exchange (BSE).
The BSE banking index Bankex fell nearly 3% as compared to 1.7% fall in benchmark S&P BSE Sensex at 1235 hours.
The Indian rupee slipped 1.9% on Tuesday to trade above the 67.25 mark against the U.S. dollar. The partially convertible rupee had closed at 66 per dollar on Monday.
Among the individual stocks, IndusInd Bank has tanked 6% to Rs 359 on BSE. Axis Bank fall 5% at Rs 823, followed by YES Bank (4.4% at Rs 241), Bank of India (3.6% at Rs 139) and Canara Bank (3.4% at Rs 200).
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