Sensex falls 320 points; ICICI Bank down 5.3 percent

MUMBAI (Reuters) - The BSE Sensex fell 1.7 percent and the Nifty fell nearly 2 percent on Monday to mark its lowest close in eleven months, as blue chip shares including ICICI Bank fell after a record low rupee aided fears of foreign selling and more Reserve Bank of India steps to stem dollar outflows.

ICICI Bank Ltd provisionally fell 5.31 percent, while Bharti Airtel Ltd slumped 5.26 percent.

The Nifty ended down 1.69 percent, adding to Friday's 4 percent slump.

(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)