Former Prime Minister Manmohan Singh said the Modi government has completely failed in keeping its promises to the people of India. \"The need of the hour is for different parties to set aside their differences and come together,\" he said.

Sectorally, auto and banking stocks were the top losers with BSE auto index falling 248 points and BSE bankex losing 241 points. On Nifty, top losers were Bajaj Finance, Sun Pharma and Bajaj Finserv.

Economic Affairs Secretary Subhash Chandra Garg said last week's rupee fall was on account of the belief that emerging markets with a current account deficit may face some pressures going forward, and the rupee was no exception

Earlier, the Indian currency opened at a fresh record low of 72.18 to the dollar, down 45 paise compared to Friday's close of 71.73 level. The currency witnessed intense volatility and hit all-time low of 72.64 during morning deals.

At 10:09 am, the Sensex was trading 206.85 points, or 0.54 per cent lower to 38,127.97. The laggards include Yes Bank, PowerGrid, Kotak Bank, ONGC, Hero MotoCorp, HUL, HDFC Bank, ICICI Bank, HDFC, Tata Motors, Sun Pharma and Asian Paint Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki, falling up to 2.12 per cent.

Twenty-one Opposition parties led by the Congress are holding a nation-wide 'Bharat Bandh' today to protest against skyrocketing fuel prices. The normal life was thrown out of gear as protestors blocked roads and highways.

According to Kochi-based Federal Bank, there are signs of a spurt in remittances already, with the banks remittance handling go up to Rs 1,000 crore per week last fortnight, as against the usual average of Rs 700-800 crore.

Fadnavis added that if the opposition is so concerned about the high fuel prices, it should announce in the states ruled by the Congress or their alliance partners that there would be no tax on petrol and diesel.

As many as 15 people, including seven Indians, and five India-based call centres have been indicted in a multimillion-dollar scam which defrauded over 2,000 US citizens, resulting in over USD 5.5 million in losses, the Department of Justice said on Friday.

Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.

The weakening rupee against the US dollar and high crude-oil prices in the international market have swelled the current account deficit in the first quarter. The domestic currency has been Asia's worst performing currency so far this year

If the hike in fuel prices has weighed on your wallet, then you should brace for another bad news. Consumers in India will soon have to shell out more on daily use products.

A litre of petrol is retailing at Rs 79.99 in the national capital while the same is selling for Rs 87.39 in the financial hub of Mumbai.

DMRC MD added that based on calculations, a commuter spends only 5.53% and not 22% of their income on metro rides.

Global factors behind rupee fall, no need for knee-jerk reaction: Jaitley; Jan Dhan Yojana: Govt doubles up overdraft facility from Rs 5,000 to Rs 10,000; Bharti Infratel to take annual hit of Rs 780 cr from Vodafone Idea exit; Jeff Bezos becomes richest person on the planet as Amazon becomes $1 trillion company; and Delhi might get a new fuel variant cleaner than CNG. Watch this episode of Business Wrap.

While the sharp decline in rupee's value has unnerved importers, it has also brought cheer to many Indians who stand to gain from its slide.

A survey found that a fifth of 63 million small businesses faced a 20 per cent fall in profits since the GST rollout, and had to sack hundreds of thousands of workers.

Global factors behind rupee fall, no need for knee-jerk reaction: JaitleyFinance Minister Arun Jaitley yesterday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He said the Reserve Bank is doing whatever is necessary to deal with the situation.The battered rupee has lost 165 paise in the last six trading sessions. Jaitley further said the dollar has strengthened against almost every other currency and added that the rupee...

Continuing its losing streak against the US dollar for the seventh consecutive session, the Indian rupee on Thursday breached the 72 mark for the first time.

While the prices of fuel are on a continuous rise, the government has blamed the 'external factors' behind the spike and called the movement 'temporary'.