Sensex falls around 250 points as rupee hits record low

Reuters Market Eye - The BSE Sensex falls around 1.3 percent and the broader Nifty falls 1.5 percent, after earlier marking their lowest intraday level in almost 1-1/2 months.

Banks lead the fall on continued uncertainty about how long would the RBI keep its liquidity tightening measures as the rupee hits a record low.

HDFC Bank falls 3.9 percent while ICICI Bank is down nearly 3 percent.

Bharat Heavy Electricals falls nearly 3 percent. The company's quarterly profit dropped 49 percent on sharply lower sales in its power and industry businesses in a slowing economy.

(Reporting by Abhishek Vishnoi)