Continuing its intermittent fall against the US dollar, the Indian rupee dived to another all-time low of 72.98 on Tuesday. The currency has lost over 13 per cent in value against the greenback since the beginning of the year.

This is the second consecutive week of major fall in the reserves which indicates that the central bank has been selling the greenback to fight the fall in rupee, which had crossed the 73-mark earlier this week.

The government also issued a statement thatthe rupee would not be allowed to crash to an unreasonable level which further bolsteredsentiments and enabled the rupee to climb back to 72.18 vis-a-vis the US dollarat the end of the day to settle at 51 paise higher than the previous day'sclose.

Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions.

Rupee's near-continuous slide against the dollar has been unrelenting.

There is no respite for the rupee as it breaches the 70 mark against the US dollar.

Analysts expect rupee to hit the 72 level per dollar if the current situation persists. The Indian currency is down 3.3% in August and nearly 10% this year so far - making it the worst-performing currency in Asia.

After a seemingly endless stream of gloomy news and falling values, sentiment has finally started to show signs of improvement globally against the backdrop of the upcoming visit of Chinese delegates to the US in order to re-ignite trade talks.

German luxury carmaker Mercedes Benz on Thursday said itwill hike prices of its vehicles across models by up to 4 per cent fromSeptember to offset adverse impacts of rising input costs and adverse forex movement.

The rupee set a new all-time low record today, staying above the psychologically-important 70 mark against the US dollar. Here are the factors weighing down the rupee.

Given the record low of 70.08 per dollar that the rupee slipped to today, it's hard to imagine a time when it could hold its own against the US dollar.

The road leading up to the 4,00,000-sq-ft store at HITEC City in Cyberabad was also jam-packed and additional traffic police were deployed.

The store, set up with an investment of Rs 1,000 crore, employs 950 people (called co-workers) directly and 1500 indirectly in services.

Thales India, part of the Thales Group - one of the world's largest defence suppliers - is betting big on India along with China and the US. Of late, Thales has acquired a few companies in the digital space to expand in data analytics and cybersecurity. Patrice Caine, Chairman and CEO of the Thales Group, speaks to Business Today's Prosenjit Datta and Manu Kaushik on the next big areas and what makes India attractive. Edited excerpts:

The company plans to raise capacity to turn crude oil into fuels like petrol and diesel to 150 million tonnes per annum by 2030 from the current 80.7 million tonnes.

The rupee continued to muscle up against the US currency for the second straight week as it extended gains after overcoming initial volatility amid a ratcheting up of global trade war rhetoric.

Forex sentiment witnessed a revival of enthusiasm as currency traders took comfort in the encouraging meeting outcome after US President Donald Trump obtained concessions from the European Union to avert a transatlantic trade war.

The EU's stringent data privacy rules are affecting digital marketers but provide an excellent opportunity to build trust.

The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors.

Salaries of central government employees to rise? Govt plans dearness allowance hikeThe Central government is set to modify the index and base year that are used to calculate dearness allowance (DA). The move will result in yet another salary hike of the government employees after two per cent allowance raise approved earlier this year. The DA is a cost of living adjustment allowance paid to government employees and pensioners. It is a component of salary, and is counted as a fixe...