BSE Sensex falls; banks lower on RBI measures

MUMBAI (Reuters) - The BSE Sensex is down after five days of gains, dragged by lenders which fell on fresh measures by the Reserve Bank of India to curb liquidity.

The BSE Sensex is down 0.43 percent, while the broader Nifty falls 0.83 percent.

Lenders dependent on wholesale short-term funding fall the most.

IndusInd Bank Ltd is down 6.74 percent, while Yes Bank Ltd falls 6.31 percent and Axis Bank Ltd declines 4.5 percent.

The RBI took new steps on Tuesday to support the rupee, including lowering the overall limit for borrowing under the daily liquidity adjustment facility (LAF) - which offers funds in exchange for collateral - for each bank to 0.5 percent of deposits from 1 percent.