Shares of oil marketing companies dipped on Tuesday after the Indian rupee touched an historic low of Rs 70 against the US dollar, erasing early gains.

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At 11.10 am, the rupee recovered to Rs 69.960, declining by 0.08 percent. Dealers believe RBI may have intervened, selling dollars at around 70 to 70.10 to stem the rupee fall.

Shares of Hindstan Petroleum Corp. Ltd were trading lower by 1.41 percent at Rs 269.25, while BPCL traded at Rs 377.75, down by 0.51 percent.

Indian Oil Corp. Ltd also edged lower, trading at Rs 160.20, slipping by 0.28 percent.

Meanwhile, the BSE Sensex was trading at 37,796 and the Nifty was trading at 11,403.25.

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First Published:Aug 14, 2018 11:32 AM IST