Despite steps such as withdrawing withholding tax on Masala bonds, allow some breathing space to foreign portfolio investors, and check non-essential imports and promote exports in order to arrest the decline in rupee, the local currency fell over 50 paise below the 72 level per dollar mark in trade today.

The bonds are directly pegged to the Indian currency. So, investors will directly take the currency risk or exchange rate risks. If the value of Indian currency falls, the foreign investor will have to bear the losses, not the issuer which is an Indian entity or a corporate.

The Sensex had rallied 677.51 points in the previous two sessions on sustained buying by domestic institutional investors. At 10: 37 am, the Sensex was trading 442 points lower at 37,647. The Nifty was down 125 points to 11,390.

The aviation sector is facing headwinds as some airlines grapple to cut costs and others struggle to stay afloat.

Companies need to imbibe a service-oriented culture as customer empathy and engagement matter most in the long run.

On Saturday, the government announced steps to check non-essential imports and promote exports in order to arrest the decline in rupee, check the widening current account deficit and relaxing norms for raising overseas borrowing.

The petrol reached Rs 82.06 per litre in Delhi on Monday, while diesel surged 6 paise to Rs 73.78 per litre. Petrol has already crossed the Rs 90 mark in two districts of Maharashtra.

According to the global financial services major, the valuations of Indian equities have stretched further largely driven by \"financialisation of savings\", improving corporate earnings outlook especially post the GST framework, and India's relative resilience to a trade war with the US.

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.

Finance Minister Arun Jaitley said that external factors like policies adopted by the United States, trade tensions and skyrocketing crude oil prices are impacting economies like India, despite \"strong fundamentals\".

In August, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. Earlier in May, exports had recorded a growth of 20.18 per cent.

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.

Benchmark Sensex rose around 373 points to reclaim the 38,000-mark as better-than-expected macro data and further recovery in the rupee triggered widespread buying. The NSE Nifty too breached the 11,500-level with a rise of 145 points. All sectoral indices ended in the green, led by realty, power, consumer durables and metals.Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the Indian currency.The...

The Indian currency has gained 123 paise in two sessions on report that PM Narendra Modi would hold a meeting to discuss economic scenario and the deteriorating rupee situation over this weekend.

At 9:57 am, the Sensex rose 205 points to 37,923 level. The Nifty too gained 72.85 points to 11,442 points. Brent crude, which hit $80 per barrel two days ago, was trading at $78.25 a barrel.

A litre of petrol is being sold for Rs 84.49 in Chennai, while it is Rs 83.14 in Kolkata. Diesel is being sold at Rs 77.49 in Chennai and Rs 75.36 in Kolkata.

The decision comes right ahead of the festive season in India when buyers show interest in consumer durables.

The stock closed 1.24% lower at $221.07 yesterday which led to its market capitalisation falling from $1.081 trillion on Septemebr 11 to $1.068 trillion in  September 12, amounting to a loss of $13 billion in market capitalisation.  

RBI pulls back rupee from the brink by selling dollarsThe rupee slumped to a historic low of 72.91 in morning trade on Wednesday forcing the RBI to sell US dollars in the market through public sector banks to bring the Indian currency back from the brink. The government also issued a statement that the rupee would not be allowed to crash to an unreasonable level which further bolstered sentiments and enabled the rupee to climb back to 72.18 vis-a-vis the US dollar at the end of th...

While the government has refused to cut the high excise duty, some states like Rajasthan, Andhra Pradesh and West Bengal have cut VAT to pass on some relief to consumers.