Sensex falls as rupee hits record low; lenders hit

MUMBAI (Reuters) - The BSE Sensex fell on Monday led by lenders such as ICICI Bank as the rupee's slump to a record low sparked fears of continued foreign outflows and cemented expectations the central bank would avoid cutting interest rates.

ICICI Bank Ltd fell 2.24 percent.

The BSE Sensex fell 0.88 percent, while the 50-share Nifty ended down 0.96 percent.

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)