The Sensex at the Bombay Stock Exchange lost 138 points to trade at 32,470 in late morning deals. The Nifty was also trading 56 points low at 10,177 a short while ago. The rupee pared its initial gains to trade lower by 2 paise at 65.04 against the US currency in late morning deals. The rupee had opened higher by 7 paise at 64.95 initially today .