According to a report by financial and business research firm Evalueserve, there will be pressure on the Rupee unless steps are taken to fix certain structural issues like high current account deficit and dwindling investments.
'India's sizeable foreign exchange reserves should serve as a buffer.'
The bourse has received approval from the capital market regulator Securities and Exchange Board of Indian and the RBI for introducing exchange traded currency options on dollar Indian rupee spot rate, NSE said.
Persistent foreign capital inflows also boosted sentiment.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The rupee had gained nine paise to close at nearly one- month high of 61.84 against the dollar in yesterday's trade after the government said in the interim Budget that fiscal deficit this financial year will be capped below target.
Reliance Retail will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group. Future Group's financial and insurance businesses are not part of the deal.
Tech-savvy Indian youths in major cities are spending at least two hours a day to connect themselves with others through social networking websites like Facebook, Twitter and Orkut, a new survey has found.
Fiat Punto is Fiat's new entry-level model in India.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sanjay Kapoor elected AICF President, Chauhan retains secretary's post.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
We invited readers to share how they used their first salary. Here are some of the responses we received.
'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
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RBI chief Raghuram Rajan said on Thursday he was 'very uncomfortable' with the inflation reading, a comment that probably seals the case for him to deliver his third rate increase next Wednesday, despite a weak economy.
The Indian rupee is likely to appreciate to 46 a dollar in the backdrop of a stable government at the centre and relatively resilient domestic demand, says a report by global financial services giant Goldman Sachs.
Growth remains weak, inflation is within 2-6% range, rate cut would help recoup forex reserves
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
The Centre for Science and Environment (CSE) has announced its first media fellowship for journalists of the South Asian region on climate change.
Shares of IT major Infosys fell by over 5 per cent after the company slashed its revenue guidance for the second time this year due to its recent performance and "near-term uncertain business outlook".
Key risk for price rise is the 'deficient' monsoon that could lead to a pick-up in inflation expectations.
This is the third increase in two months
The car is inspired by jets of the aeronautical world
The upward revision in growth forecast for current fiscal comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch's expectation of 7.7 per cent.
Italics in New Delhi is looking for copy writers.
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
The rupee on Friday bounced back 32 paise to close at 64.74 against the American currency on fresh selling of dollar.
Weakness of dollar in the overseas market also boosted the rupee value against the dollar.
Defender Anas Edathodika and midfielder Eugeneson Lyngdoh emerged as costliest picks for an identical Rs 1.1 crore by new outfit Jamshedpur FC and two-time champions ATK respectively in the Indian Super League domestic players draft in Mumbai on Sunday.
The trading range is expected to be within 63.00 to 63.80.
The dollar index was down by 0.02 per cent against a basket of six major currencies.
The players' auction for the Indian Premier League's second season got underway in Goa on Friday. A look the price list.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
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The central bank was seen selling dollars consistently when the rupee would approach the record low of 68.86 hit on August 28.
Last week, the country's leading exchange, Zebpay, launched trading in Litecoin, which is the eighth-largest cryptocurrency, following rising demand from Indian investors.
The report, however, said a sustained weakness in USD against the emerging market forex remains a key risk to this view.
The rupee had ended 11 paise higher at 62.20 on Tuesday.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
