Sensex falls 150 points, rupee heads for 3rd straight gain

The BSE Sensex dropped around 150 points, while the broader Nifty traded below the key 6,100 mark on Tuesday as oil prices recovered after slumping on Monday. The rupee, however, was on track for a third straight day of gains and traded at 62.36 per dollar. Indian markets had rallied 2 per cent on Monday on hopes that the Iran nuclear deal would lead to increased supplies and a sustained decline in oil prices, which would check ...