The rupee had edged higher by four paise to end at 61.51 against the American currency in yesterday's trade on fresh selling of dollars by banks and exporters.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
Data showed the country's wholesale price-based inflation eased to an eight-month low in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices.
The domestic currency had lost 63 paise to close at over four-month low of 61.18 against the dollar in Friday's trade on weakness in global stock markets and a strong US currency overseas.
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SBI announced a 0.40 per cent cut in lending rate to 9.30 per cent, which is the most competitive in the market at present.
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The plan being negotiated by US Senate leaders would end a partial government shutdown and raise the debt ceiling by enough to cover the nation's borrowing needs at least through mid-February 2014, a source familiar with the negotiations told Reuters.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
The rupee closed at 59.90 in Wednesday's trade, gaining just one paisa from its previous close.
Borrowers who were hoping for lower interest rates on their home or car loans might be in for some disappointment.
Many PSBs are in the process of rationalisation of ATMs
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The partially convertible rupee closed at 63.37/38 per dollar compared with 62.83/84 on Monday. The unit dropped 0.85 per cent on the day, its biggest single-day fall in two weeks.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
SBI remains a favourite of most brokerages in the PSB segment.
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
India discard Virender Sehwag scored a breezy 48 off just 20 balls as CAG (Comptroller &Auditor General of India) were involved in a tie with Mumbai Customs, in a concluding Group C league match of the Rs 12 lakh tenth All India Dr D.Y. Patil T20 Cup, organised by the D.Y Patil Sports Academy, under the auspices of the Mumbai Cricket Association, at the D Y Patil Stadium, in Nerul, Mumbai, on Wednesday.
Left-arm spinner Akshay Darekar is confident that he and his teammates would rise to the occasion, against Karnataka in the Ranji Trophy final.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Government to infuse funds in cash-strapped banks.
Chidambaram on Monday sought to soothe nerves about its external finances by promising to contain the current account deficit at 3.8 percent of gross domestic product this fiscal year with a slew of measures including easing rules for raising loans abroad.
Since January this year, RBI has cut the repo rate - at which it lends to commercial banks -- to a gross of 1.25 per cent.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Participants are keenly waiting for the January IIP.
Banks have not cut rates yet as March is typically a busy season.
Only three of India's 45 commercial banks have cut base lending rates since the Reserve Bank of India's surprise easing this month, hurting the government's drive to lift business investment.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Hawkish tone likely to guard rupee from further slide
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.
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