In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
This is the biggest one-day fall in the rupee since August 3, 2016
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
Most companies were working on Rs 65-66 to a dollar.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
The renminbi is expected to weaken another 2 per cent in six months.
The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a one-month high of 61.53 before quoting at 61.59 per dollar at 1045 hours.
The breadth, indicating the overall health of the market, was slightly positive
A sovereign bond float continued to be among the range of options to address the current account deficit (CAD), Finance Minister P Chidambaram said on Tuesday, even as former Finance Minister Yashwant Sinha asked him to tell Parliament the Centre would not countenance that measure.
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
PV registrations in this year's festive period stood at 287,717 units as against 333,456 units in the corresponding period last year, down 14 per cent. Two-wheeler registrations also fell by 13 per cent to 15,83,276 units as against 18,11,703 units in the year-ago period.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
Spurs striker Bergwijn is major casualty as Netherlands trim squad
The S&P BSE Sensex surged 217 points to end at 25,736.
In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Asia's falling stocks have triggered an exodus of funds from the region.
CPI inflation has declined by almost a percentage point from July, from close to eight per cent to just above seven per cent.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Both statesmen possess a cultivated pugnacious style which they keep in reserve and can at will bring into play, and despite the mutual distrust in Russian-American relations, they are proponents of detente, quintessentially, who take their mission deadly seriously, points out Ambassador M K Bhadrakumar.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
Some type of global shock adds to the allure of the dollar.
'The market movement will be largely driven by earnings growth.'
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
The UN World Economic Situation and Prospects 2014 report said a mild recovery in investment as well as stronger export growth will help in the gradual GDP pick-up.
The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225.
RBI staff tell Governor Urjit Patel that the central bank's image of efficiency and independence has 'gone into smithereens in no time.'
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
The US dollar has risen about 15 per cent since mid-2015.
India, Asia's third-largest economy, is likely to grow 5.3 per cent in 2013, the OECD said, lower than the November forecast of 5.9 per cent.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
The 30-share Sensex ended in the red.
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