The government's latest measures to support the rupee announced last week were particularly underwhelming for market participants who have since increased bearish positioning on the currency.

On Tuesday, the rupee closed at its all time low of 72.98, falling 47 paise against the US currency due to surging crude oil prices and escalating trade war worries. Earlier in the day, the Indian currency hit a historic low of 72.99 in late afternoon deals.

The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.

If the e-RD needs to be closed prematurely, then the money will be credited to the account that initially funded the deposit.

World economy is still precariously poised, thanks to the tariff war.

The rise of the debt-prone economy indicates that the future will remain volatile.

De Beers, however, hoped that purchases made by Millennials and Gen Z generations will drive growth in the space.

30s come pre-installed with all the worry of the future. Is buying that dress a good idea now, when you can save those extra bucks for your contingency fund? Should you buy that expensive phone, when you can put more than half of it in your retirement fund and still manage to buy an equally good phone?

The Sensex has seen over 1% fall in the second straight session today for first time since February 2016. On Monday, the Sensex closed 467 points or 1.22% lower at 37,922, the Nifty fell 151 points or 1.30% to 11,438 level.

While several measures have been suggested to contain the rupee fall which has depreciated nearly 13% since the beginning of this year, you will be surprised to know that the Indian currency is not the only one to lose major ground due to geopolitical and fiscal factors.

Looking to invest money for short-term, but equities are not your cup of tea? You may consider investing in a fixed-income instrument as one from Tata Group's stable has just hit markets.

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.

The key takeaway - the pickup in growth, without demand-pull inflationary pressure in the economy, supports our thesis that reforms have lifted India's potential growth, and activity ahead is likely to remain non-inflationary, writes Abhishek Gupta.

Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.

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

Ira Kalish, Chief Global Economist, Deloitte, Touche Tohmatsu, talks to Prosenjit Datta, Rajeev Dubey and Joe C. Mathew on how India can do well in spite of trade wars, oil, the state of the global economy and the future of global trade.

SBI's rate hike comes a month after the Reserve Bank of India raised benchmark lending rate called repo rate by 25 basis points to 6.5 per cent.

The central bankers and governments of the EM countries have taken a number of steps to protect the value of their currencies

RBI has put the spotlight back on the shortfalls of the Marginal Cost of Funds Based Lending Rate (MCLR) system.

Occasional splurging is fine, but frequent high-value purchases can hurt your finances. Especially, if you haven't planned for important financial goals such as funding child's education and retirement.