03:30 pm Market closing: After a steady day, the market ended in red. The Sensex was down 75.07 points or 0.3 percent at 27945.80, and the Nifty slipped 8.15 points or 0.1 percent at 8444.90. About 1499 shares advanced, 1271 shares declined, and 153 shares were unchanged.
Tata Motors, Hindalco, Cipla, ONGC and Vedanta were major laggards in the Sensex. Among the gainers were M&M, Bharti Airtel, Bajaj Auto, Hero MotoCorp and Axis Bank.
03:12 pm RBI reference rate: The Reserve Bank of India fixed the reference rate of rupee at 63.5705 against the US dollar and at 70.3535 for the euro as against 63.6223 and 70.7671 respectively yesterday.
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 99.2018 and 51.52 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noon.
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