The rupee has dropped by 49 paise or 0.75 per cent in four days.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
The rupee surged to its highest level in five weeks to end at 65.58 by gaining 38 paise against the US currency.
Telecom, metal and healthcare came as dampeners.
Weakness in other currencies against the dollar overseas, after US Fed indicating interest rates could rise earlier than expected as the jobs market picking up, also put pressure on the local unit, forex dealers said.
The US dollar has risen about 15 per cent since mid-2015.
Demand bounces back but uncertainty over GST rate for jewellery casts a shadow over future.
Given the developments, analysts do not foresee a quick recovery.
A stronger dollar makes oil more expensive because it raises the cost for imports for most of the world's countries
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Rupee rebounds 26 paise against dollar; snaps 2-day losses
Total market capitalisation of BSE listed firms stood at Rs 101.49 lakh crore on March 31.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
Sweden has the world's highest negative rate.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
The rupee bounced back by 26 paise to end at 59.93 against the American currency on Friday as exporters and some banks sold dollars.
The Sensex ended in red on domestic concerns.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Foreign funds sold Indian shares worth 446.9 million rupees ($7.4 million) on Wednesday, provisional exchange data showed, marking the third consecutive session of outflows.
Nifty ends above 8,600; Tata Motors, RIL top leaders
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
State Bank of India chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon founder Kiran Mazumdar-Shaw and HT Media chair Shobhana Bhartia are among the world's 100 most powerful women.
Side indices raced ahead with BSE Midcap and BSE Smallcap advancing 0.4% and 0.3% up, respectively.
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
The gains will provide a much-needed reprieve after the rupee fell for a fifth week and hit an over two-month low last week in trade.
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed.
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai.
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