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Bloodbath on Dalal Street amid sell-off by FIIs

Sensex drops nearly 750 points, Nifty drops 225 points, Rupee touches 62/$

SI Reporter  |  Mumbai 

plunged on Friday with the Sensex ending nearly 750 points after foreign institutional investors resorted to heavy selling amid as fresh measures by the RBI and a weakening rupee.

Risk appetite dampened after government imposed new restrictions on foreign exchange outflows and gold imports on Wednesday in a new attempt to prop up the rupee, were also seen hampering an already slowing economy.

The 30-share Sensex ended down 749 points at 18,618 and the 50-share Nifty ended down 225 points at 5,517.

First Published: Fri, August 16 2013. 15:33 IST