Rupee climbed 112 paise on Tuesday and registered its best single-day gains in over five years.
Tuesday's 112 paise ascent marked the best day for the rupee since September 19, 2013.
The rupee was at 70.89 to the dollar, after touching 70.84, its highest since Dec. 7.
Short interests in the yuan were at the lowest level since March 2017.
Slower global growth and additional tightening by the Fed will affect EM currencies.
IEA kept its 2019 forecast for global oil demand growth at 1.4 million barrels per day.
The first moves began with the introduction of current account convertibility in 1994.
Sterling was little changed at $1.2565 after slumping 1.3 per cent the previous day.
The rupee opened lower at 71.28 against the US dollar and dropped further to 71.44. The Indian unit hit a high of 71.23 during the day.
Benchmark NSE Nifty50 index was down 68.65 points at 10,419.8 while BSE Sensex was down 260.34 points at 34,699.38.
On Monday, the Indian rupee tumbled 50 paise to close at 71.32 against the US dollar.
Beyond sentiments, markets will seek clarity on Governor Patel's successor.
Bank of America Merrill Lynch is also predicting short-term weakness for the rupee.
India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output, ADB said in its Asian Development Bank Outlook Supplement.
Let's take a look at what might matter on D-Street today.
Instead of farm loan waivers, unshackling farm produce markets work long term, says Mavani
The 10-year benchmark bond yield fell to as low as 7.38 per cent.
MSE has also been allowed by Sebi to introduce monthly Currency Options contracts on currency pairs of EUR-INR, GBP-INR & JPY-INR.
The rupee settled for the day at 70.67, higher by 23 paise against its previous closing price.
"And only one person is responsible for it, Prime Minister Narendra Modi," Sinha asserted.
The approval for new products comes at the most opportune time.
Oil prices jumped sharply after the US and China agreed to a 90-day truce in a trade dispute.
High oil prices, a weaker Re and intense fare wars are hurting airlines' profitability.
Here’s a lowdown on top macro triggers that may move market on Tuesday.
Etihad executives met officials of SBI in recent days to discuss Jet's cash flow and business plan.
Going forward, we will be in a range-bound market for next few months, says Sarthi group MD.
Here’s a lowdown on top macro triggers that may move market on Monday.
The Indian rupee rolled down further even as global crude oil prices traded weak.
BSE's market cap declined by Rs 3.71 lakh crore on Thursday.
The RBI will buy 120 billion rupees ($1.65 billion) of government bonds on Thursday.
The rating agency also forecast the value of rupee to further depreciate to Rs 75 to a dollar by the end of 2019.
Appetites for risky assets were further reduced by South Africa's economy also slipping into recession.
Politics is likely to decide the course for the Indian rupee in 2019.
Sugar millers have started production of white sugar in hope of bigger raw sugar contracts
Will RBI hike rates? Or will it hold rates? Do I need to change my debt mutual fund investment strategy?
Indian Rupee has now touched the historic low mark and on midday, the value of Indian currency has been 72.69 versus the US dollar.Indian Rupee hits an all-time low of 72.69 versus US dollar
Broadly speaking, bond yields might remain under downward pressure, says Rajpal
The government is stepping up social spending before general elections in 2019.
Asian currencies could react negatively if US talks with China were to break down
Panasonic India is set to increase the prices of its products by up to 7 per cent, while some others players have already increased it.
"The recent financial market turmoil has pushed the rupee too low," said Rabobank.
According to CEAMA, in some segments like TV and AC, there was de-growth in volumes, while refrigerator sales were almost flat.
Emerging market currencies sank in Asia on Friday, with the Indian rupee at a record low as dealers fear contagion from financial crises in Argentina and Turkey. Indian Rupee hit fresh record lows going past Rs 71/USD. ET Now's Poonam Sahni joins in to tell whats leading to pressure on Indian rupee and performance of Peers against US Dollar.Why Indian Rupee is depreciating and how its peers performing against US Dollar
INR bonds have retained recent gains but struggled to make further headway.
The local currency advanced 26 paise to 71.67 against the US currency on Tuesday.
The Reserve Bank of India (RBI) held key rates on its policy review today in line with the expectations in the money market.
Both the Thai baht and the Korean won strengthened as much as 0.3 per cent.
A look at top macro triggers that may move market on Tuesday.
RBI and the government are now aligned to lubricate the economy with liquidity.
The rupee has been on a free fall against the US dollar, making the currency depreciation a political issue.
The report has asked the government to not cut or eliminate import duties in this sector under the proposed mega trade deal Regional Comprehensive Economic Partnership (RCEP).
Here’s a lowdown on top macro triggers that may move market on Monday
The revised charges would be applicable from December 1. The hike in charges is expected to have a minimal impact on average domestic fares, experts opined.
A lowdown on top macro triggers that may move market on Monday.
Queries sent to Samsung, Oppo and Vivo were not answered till press-time Monday. According to Counterpoint estimates, October was a record month in terms of sales, contributing to 60% share.
Here’s a lowdown on top macro triggers that may move market on Friday.
Modi govt has proposed changing rules that will enable closer supervision of the central bank, sources say.
Traders said the edible oil market is price sensitive and reduction in price of any oil has an effect on other edible oils.
Modi govt had approached Tata Group to save the country’s biggest full-service carrier through a possible purchase.
Benchmark NSE Nifty50 index was up 78.85 points at 10,225.65 while BSE Sensex was up 276.67 points at 34,123.90.
On Friday, the rupee clocked its biggest single-day gain in over five years.
Total revenue from operations rose 3.3 per cent to Rs 72,112.08 crore.
At end-June 2018, the external debt was placed at USD 514.4 billion, recording a decrease of USD 14.9 billion over its level at end-March 2018.
These three OMCs account for about 95 per cent of the country's retail fuel sales.
Hitting out at the Congress on Babbar's remarks, he said, "When one doesn't have issues to talk about, he resorts to abusing somebody else's mother."
For a lot of fund managers, the sell-off has been excessive.
Subhash Garg said the agreement was one of the largest swap arrangements in the world.
Bearish bets on the Singapore dollar, Taiwan dollar and the Philippine peso declined over the past two weeks.
The Indian rupee is falling because the currency is exiting the country in the form of black money, BJP MP Subramanian Swamy said on Sunday.
FIEO said that though Rupee has depreciated by over 13% in 2018, the trends in NDF market indicate that further fall is not ruled out, particularly as short-term debt share in India’s external debt is increasing.
MCX Mentha Oil was up 1.29 per cent at Rs 1709.90 per 1 kg at around 10.30 am (IST).
By 0532 GMT, the rupee was trading at 73.05/06 per dollar.
Fuel prices have been soaring since the past few months in the country, burning a hole in commuters' pockets.
The petrol price in Delhi was revised to Rs 81.99 per litre after a decrease of 39 paise, while that in Mumbai was Rs 87.46 per litre after a 38 paise reduction.
AAP chief spokesperson Saurabh Bharadwaj said it is little difficult to digest that the Congress is calling for a Bharat Bandh.
S&P said it expects the company's India wireless business to stabilise and return to growth over the next 12-18 months.
The IT firm's stock marks biggest intraday pct loss since Sept 2011.
The commodity on MCX was down 0.29% at Rs 1,710 per 1 kg at around 10.25 am (IST).
In Mumbai, petrol prices crossed Rs 90-run mark with the fuel being sold at Rs 91.20 per litre. The diesel price is Rs 79.89 per litre, increased by Rs 0.17.
The US dollar strengthened against its rivals ahead of the Federal Reserve's release of minutes.
"All Indians want the temple to be constructed. It is not an electoral issue, but a matter of faith for the BJP," he said at the 'Mumbai Manthan' conclave organised by television news channel Aaj Tak.
The rupee touched a fresh low of over 74 to a US dollar in the spot market last week.
The apex bank is known to enter the markets via intermediaries to either sell or buy US dollars to keep the rupee in a stable orbit.
Infosys, Tata Consultancy Services, HCL Technologies and Oracle Financial Services Software, too, were among the top performers.
Govt's principal economic adviser said the NBFC problem is related to liquidity & can be solved easily.
However, nearly 30 stocks hit 52-week highs on BSE.
But the Indian rupee may weaken further if the US government goes ahead with more fiscal cuts to boosts its economy.
Let's check out what might matter to Dalal Street on Tuesday.
A look at top macro triggers that may move market on Tuesday
The Nifty IT index was trading 0.61 per cent down at 15,276.
Amit Shah said the rise in fuel prices and the weakening of the rupee were the result of international developments.
As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee.
The insurer might also look at raising its equity stake in IL&FS, subject to regulatory permission, V.K. Sharma said.
Wednesday, Bharti Airtel’s Africa unit said it is raising $1.25 billion.
There are 28 companies in the BSE 500 index where FPIs have raised their stakes by more than 10 per cent.
The rupee on Thursday opened 20 paise higher at 72.41 against dollar.
The Nifty IT index was trading 2.01 per cent down at 15,278.