BSE Sensex closes at 449 points down

Stocks were hammered yet again Tuesday as a lethal cocktail of sliding rupee, worsening economic data and dismal quarterly corporate earnings, had investors fleeing.

The rupee hit a fresh record low of 61.80 to the dollar, as the RBI's efforts to boost the currency is having little effect in a face of a strengthening dollar.

The Sensex closed at 18 thousand 733, down 449 points over its previous close and the Nifty closed at Five thousand 542, down 143 points over the previous close. A weak dollar spells trouble for importers as well as companies with huge foreign foreign debt on their books.

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