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Sensex snaps three-day winning streak; lenders slump

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Reuters MUMBAI
Last Updated : Jul 16 2013 | 3:45 PM IST

MUMBAI (Reuters) - The BSE Sensex fell nearly 1 percent on Tuesday, snapping a three-day winning streak, as lenders such as Yes Bank and other financial firms slumped after the central bank raised short-term interest rates in a bid to curb the rupee's slide.

IDFC Ltd provisionally fell 7.1 percent, while Yes Bank Ltd fell 9.8 percent and IndusInd Bank Ltd ended 7.5 percent lower.

The BSE Sensex provisionally fell 0.74 percent, while the 50-share Nifty ended down 1.13 percent. (Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)

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First Published: Jul 16 2013 | 3:38 PM IST

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