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The magnitude of the selling, and the impact on the rupee, raise the stakes for the Reserve Bank of India (RBI), which is widely expected to hold rates on Tuesday.
FM Arun Jaitley asked exporters to produce quality products at competitive prices to meet the challenge of slowing demand in international markets.
Nestle, which relaunched Maggi noodles on November 9 after a five-months ban, has started production of Maggi noodles from its Tahliwal plant in Himachal Pradesh.
As the number of superrich increases, the market for ultra-luxury housing, yachts and private jets is growing as well.
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