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After remaining in a narrow trading band for the past five days, bears were on the offensive as defensives led the fall.

The Indian equity markets lost ground on Tuesday amid weakness in equity markets across the globe. The rupee too after strengthening for a week, showed some signs of weakness. The rupee traded down 20 paise at 67.40 per US dollar. Participants preferred to take some money off the table ahead of the FOMC meet.

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