Brent breached the $80 per barrel mark on Monday and analysts at the American brokerage said they expect it to go up further to $95 by June 2019, which will put pressure on the current account.

The NBFCs borrowings through debentures and commercial papers (CPs) have been on the rise in the last 5 years.

The Sensex and Nifty closed nearly 1.5% lower in trade today amid a depreciating rupee, rising crude oil prices and selling pressure on stocks of non-banking financial companies (NBFCs).  On the global front, China reportedly rebuffed a plan for talks with the US on resolving their dispute over trade and technology which roiled Asian stocks.While the Sensex closed 536 points or 1.46% lower to 36,305, the Nifty lost 175 points or 1.58% to trade at 10,967 level.Sentiments remained distinct...

The stock of the Tata Group firm hit 2,214.15 level  its highest ever in trade today after the rupee weakened 29 paise to 79.42 level against the dollar in early trade as the greenback gained overseas. The home currency then closed 43 paise lower at 72.63 level to the dollar in trade today.

The refinery officials' plan to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption.

While the Sensex closed 536 points or 1.46% lower to 36,305, the Nifty lost 175 points or 1.58% to trade at 10,967 level. This is the weakest closing since July 11 when it settled at 36,265.93. The Sensex has lost 1,249.04 points in the previous four sessions.

While the SpiceJet stock fell up to 4.15% to 73.85 level  in afternoon trade,  the InterGlobe Aviation stock was down up to 6.011% to 851 level on the BSE.  

While the Sensex was trading 519 points or 1.41% lower, the Nifty lost 170 points or 1.53% to trade at 10,971 level. Top losers on the index were M&M (6.85%), Adani Ports (5.93%), Bharti Airtel (5.44%) and HDFC (5.34%).

The decision to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption.

The two countries have already slapped tariffs on $50 billion worth of each other's goods earlier this year.

The Dewan Housing Finance stock rose up to 24.80% or 87 points to 438.75 level in early morning trade. On Friday, the stock went into a tailspin, nosediving 42.43 per cent to end at Rs 351.55 on the BSE.

The Centre has prepared a list of non-essential items whose imports can be curbed and also drawn up a separate list of goods whose exports can be boosted with a little policy intervention.

While the French government said French companies have the full freedom to select Indian firms for the deal, Dassault Aviation, the makers of Rafale, said it had made the decision to partner with Reliance Defence Ltd.

According to Gorman, the rupee's depreciation is not a reflection of poor economic management, rather an \"unfortunate consequence\" of external factors.

Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.

The forex reserves have been declining in the past few weeks as the Reserve Bank is selling the US dollar to contain rupee depreciation

Flipkart has announced in a letter to current employees that they will be allowed to liquidate their ESOPs at $126-128 a unit - against $150 a unit as the reports had initially suggested.

Dimon said that India's world beating economic growth as well as critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency

The Danish bank detailed compliance and control failings amid growing calls for a European Union crackdown on financial crime after a series of money laundering scandals which have attracted the attention of USauthorities.

The rupee opened higher at 72.71 against its record closing low of 72.98 Tuesday and touched a session high of 72.34 in day trade as crude oil prices eased globally.