HSBC executes India's first overseas blockchain payment for Reliance Industries; CIC sends show-cause notice to RBI Governor for not disclosing list of wilful defaulters; Delhi pollution: Over Rs 83 lakh penalty imposed on violators on single day; Rupee may fall to 76-level against dollar in next 3 months, says Report. Watch more in this episode of Business Wrap.

The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure in view of foreign capital outflows and weak global cues.

HSBC executes India's first overseas blockchain payment for Reliance IndustriesBritish bank HSBC has executed India's first financial transaction using blockchain for a deal involving an export by Reliance Industries to an American client. The blockchain-enabled letter of credit transaction was for a shipment from the Mukesh Ambani-led company to US-based Tricon Energy, and helped reduce the time required to process the documents. The statement claimed that the solution is a significant impro...

The rupee fell 36 paise in early trade to 72.80 compared to its last close of 72.44 against the US dollar. At 9:44 am, the currency was trading at 39 paise lower at 72.83 against the US dollar.

With global crude prices remaining elevated, the rupee is likely to be under pressure, and may touch the 76 levels against the US currency over the next three months.

Petrol price has been cut by over Rs 4 per litre and diesel by Rs 2.33 in the last 18 days on softer international rates, a pace faster than the spike in prices witnessed in the two-month period beginning mid-August.

Bourses would remain closed on Wednesday and Thursday for 'Diwali Laxmi Pujan' and 'Diwali Balipratipada'. The BSE and NSE will conduct a special 'Muhurat' trading session on Wednesday.