Rupee on an all time low, BSE Sensex loses over 170 points

India's key equity indices reversed the day's gains to end lower, as the domestic currency touched a new low against the US dollar.

The S&P BSE Sensex lost over 170 points. The National Stock Exchange's Nifty slid, but clung on to the psychologically-important 11,300-point mark.

Heavy selling was witnessed in almost all the sectors, led by consumer durables, auto and FMCG stocks.

The Indian rupee slipped to a new low of 74.27 to a US dollar during the mid-afternoon session on Tuesday, October 9. At the Inter-Bank Foreign Exchange Market, it had opened at 73.85, from its previous close of 74.07.

At 3.30 pm, the Nifty 50 provisionally closed at 10,301.05, down 47.00 points or 0.45%.

The benchmark Sensex, which had opened at 34,651.82, settled at 34,299.47, down 174.91 points or 0.51% from the previous close.

The Sensex touched an intra-day high of 34,711.68 points and a low of 34,233.50.