Sensex hit as rupee below 60 a dollar

The BSE Sensex fell on Wednesday as blue chips such as Tata Motors declined after the rupee slumped to a record low, escalating worries foreign investors may exacerbate outflows and dimming chances of a rate cut by the Reserve Bank of India.

The benchmark BSE Sensex fell 0.41 per cent, or 77.03 points, to end at 18,552.12, ending near its lowest close in two months, on Monday. The rupee breaching the key psychological level of 60 to the dollar has worsened fears on the CAD.