Sensex falls over 150 pts, Nifty below 9,850 as rupee slips further

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The Rs 482-crore initial public offering of Prataap Snacks has been oversubscribed 2.8 times, as per latest data available on exchanges.

The issue has received bids for 1.01 crore equity shares against IPO size of 36 lakh shares, excluding anchor investors’ portion.

The Indian rupee fell further in morning, down sharply by 24 paise or 37 percent against the US dolllar, from previous close.

The heavy demand for the American currency from importers and banks caused decline in rupee.

It was trading at 65.34 against the US dollar, compared to 64.10 in previous session.

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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300