Sensex slumps nearly 450 points as rupee hits record low

Mumbai: The BSE Sensex, Nifty fall around 2.5 per cent on Tuesday as lenders such as Yes Bank (YESB.NS) fell on fears that the RBI would announce new cash-draining measures to defend the rupee after it dropped to a record low.

Yes Bank fell 8.2 per cent, while HDFC Bank lost 3.8 per cent and ICICI Bank Ltd ended down 4 per cent.

The BSE Sensex fell 449.22 points or 2.34 per cent. Nifty ended down 2.5 percent or 143.15 points.