Sensex, rupee fall sharply over tapering worries

Indian stock markets fell today in line with other global markets after the US Federal Reserve's October meeting hinted at stimulus tapering. The Sensex fell as much as 240 points when it touched 20,394.30. The rupee too fell in line with weak equities and a rebound of dollar against other currencies. The rupee fell to 62.93 but later recovered on suspected dollar sales by the RBI.