Sensex falls around 500 points as rupee hits record low

The Sensex and the Nifty fell around 2.5 percent on Tuesday as shares in lenders such as Yes 
Bank (YESB.NS) slumped on fears the RBI would announce new cash-draining measures to defend the rupee after it hit a record low.


Yes Bank was down 6.3 percent, while both HDFC Bank (HDBK.NS) and ICICI Bank (ICBK.NS) fell 3.7 percent.

The Nifty was down 2.17 percent, while the Sensex fell 2.04 percen