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BSE Sensex falls on caution ahead of Fed meet

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Reuters MUMBAI

MUMBAI (Reuters) - The BSE Sensex fell on Tuesday as blue chips such as HDFC Bank declined on anxiety over potential foreign outflows should the U.S. Federal Reserve signal a roll-down in its bond-buying programme at the conclusion of its meeting later this week.

Banks were among the decliners given that an end to U.S. monetary stimulus could push the rupee lower, delaying any rate cuts by the Reserve Bank of India.

HDFC Bank Ltd provisionally fell 1.2 percent, while Larsen and Toubro Ltd ended 1.6 percent lower.

The BSE Sensex provisionally fell 0.5 percent, while the Nifty ended down 0.62 percent. (Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)

 

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First Published: Jun 18 2013 | 3:49 PM IST

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