Sensex closes lower again as rupee's slide continues

Indian shares ended lower for a second straight session on Tuesday, dragged down by banks and consumer stocks, as the rupee extended declines to a record low and oil prices rose sharply.

The rupee, which tumbled to a record low of 71.54 on the dollar on Tuesday, is Asia's worst performing currency so far this year due to higher oil prices, turbulence in emerging markets and simmering global trade tensions.

The broader Nifty fell 0.54 percent to 11,520.30, while the Sensex ended 0.4 percent lower at 38,157.92.

HDFC Bank Ltd and State Bank of India fell 1.1 percent and 3.3 percent, respectively, while consumer goods stock Hindustan Unilever Ltd dropped 2.8 percent to its lowest close since July 19.