This is the biggest one-day fall in the rupee since August 3, 2016
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
Aramco Trading Co, a subsidiary of state oil giant Saudi Aramco, offered 2.8 million barrels of ultra low sulphur diesel for loading in late July to early August
It is the rupee's biggest single-day gain this year.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
Dollar's strength against other currencies overseas capped the rupee's gain
The 50-share NSE Nifty slipped below the 8,200-mark to touch a low of 8,154.45, but settled at 8,170.80, down 90.95 points, or 1.10 per cent
Moody's said it expects exposure to low oil prices to shave off 0.8 per cent from real GDP growth on average across oil exporting countries in 2016.
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
There's sustained demand for the American currency from importers and banks
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Oil has slumped from above $115 in June 2014 as shale oil from the United States has flooded the market
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
EC on Monday asked the government to defer notifying doubling of price of the fuel produced by companies such as Reliance Industries till general elections are completed.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
The major US indexes pared losses late in the session.
Link between oil exploration and markets can be used by India to great advantage.
The falls meant that both crude futures were at their lowest levels since mid-April
Investors indulged in profit booking at attractive and higher valuations
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Chinese shares opened lower, with the Shanghai Composite Index down 1.8% and the CSI300 index down 2.2%.
'The economy needs to deliver the expected 7.5% growth for the markets to deliver better than single digit returns.' 'Any disappointment in growth can see the markets correcting downwards.'
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
Markets ended their lowest close in 2015 on fears of FII outflows as the US Fed may hike rates.
Tillerson, is currently on top of the list of Trump's Secretary of State because of his contacts with the world leaders, in particular Russian President Vladimir Putin, media reports said.
Earnings growth is expected to accelerate as lingering toxic effects of note ban ease off and GST settles down. However, stock valuations are high and that means market is also overdue for correction, says Devangshu Datta.
Oil marketing cos rightly passed on the burden to buyers.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
Making sense of the international crude market is incredibly hard.
The local markets are expected to react to global triggers until the government announces the Union Budget.
Indian basket at 6-month low of $49.11 a bbl
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
2014 was a year for downturn for most economies across the globe.
Like pharmaceutical companies globally - which used to enjoy a preferential exchange rate in Venezuela - Indian producers have been left badly stung by the collapse of the bolivar currency
Saudis are interested in expanding their relationship with India, given it is becoming the main driver of crude demand growth in Asia
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Government's fuel subsidy estimate was based on crude oil at $70.
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