Extending losses for the second straight day, the rupee declined by 11 paise to close at more than 3-week low of 66.93 against the US dollar.
Corrosion is a big menace for anything with steel application from rebars in construction, oil and water pipelines, railway track, power distribution poles to automobiles, says Kunal Bose.
The rupee on Monday plunged to a two-week low of 66.61 by falling 47 paise against the US dollar on heavy demand for the American currency from importers.
Lacklustre domestic equities alongside ongoing FCNR redemptions added pressure on the local currency
Tracking local stocks, rupee on Tuesday regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery.
Indians in countries like the United States, China, Australia, Japan, Singapore, Egypt, Israel and South Africa celebrated the day with hoisting of the national flag and singing of patriotic songs.
IMAGES from the Champions League matches played on Wednesday.
A plumbing company in the American state of Texas has sued a Ford dealership in Houston for over $1 million (Rs 1.68 crore) after Islamic State terrorists were seen using his old truck, thousands of kilometres away in strife-torn Syria.
Rupee down 13 paise to 66.72 against dollar
The seventh-seeded Bulgarian advanced to his eighth ATP World Tour Masters 1000 quarter-final with a 6-3, 7-5 victory over Del Potro, who struggled with the intense heat in the closing stages of the one hour, 39 minute match.
Heavy unwinding by foreign portfolio investors and lacklustre equities dampened the sentiment
The S&P BSE Sensex dropped 207 points to end at 25,230.
Images from Day 4 of the French Open matches played at Roland Garros in Paris on Wednesday
Images from Day 8 of the Australian Open in Melbourne on Monday.
An ailing Rafael Nadal added his name to the list of upsets at the Shanghai Masters after the Spaniard suffered a 6-3, 7-6(6) loss to Feliciano Lopez in Wednesday's second round, as fourth seed Stanislas Wawrinka and in-form Kei Nishikori also made early exits. Nadal's great rival Roger Federer survived a huge scare, saving five match-points before overcoming Argentina's Leonardo Mayer 7-5, 3-6, 7-6(7).
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
Roger Federer suffered a shock 3-6, 6-3, 7-6(4) defeat to Australian wildcard Thanasi Kokkinakis on Saturday that will cost the Swiss his world number one ranking and leaves the Miami men's tournament wide open.
The rupee continued to rule firm against the dollar for the second consecutive day.
The rupee ended lower by 7 paise to 62.31 against the American currency on fresh dollar demand from banks.
Modi has often been accused of promoting crony capitalism in Gujarat for his proximity to certain businesses.
The rupee snapped its two-day winning run against the dollar.
Sustained capital inflows supporting the rupee sentiment, a forex dealer said.
We bring you a collection of some of the best photographs taken this week by ace photographers.
It was the Russian's first competitive match since she withdrew from the St Petersburg Open in January.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
The trip was the highest level meeting with a North Korean leader since 2000 when then-Secretary of State Madeleine Albright met Kim Jong-il, the father of the current leader, in Pyongyang.
Adequate dollar supply gave a boost to the local currency
The 19-year-old beat the Japanese wildcard 6-2, 6-2 to set up a showdown with former US Open champion Sam Stosur, who downed American teenager Madison Keys 6-1, 6-2 in the other semi at the $250,000 event on the hard courts in Osaka.
Even the persistent rise in equity market failed to restrict the rupee's fall.
Shuai Jiao Baba (Let's Wrestle, Dad) in China seems to have made twice its combined earnings in India and the rest of the world.
Inspector General of Police AKM Shahidul Haque, however, did not disclose the identities of either of the detainees or where they were being kept.
The rupee showed range-bound movement on Wednesday as investors preferred to stay cautious in the unsure market.
Novak Djokovic recovered from a slow start as he continued the bid to retain his world number one ranking with a 4-6, 6-2, 6-3 win over 14th-seeded Bulgarian Grigor Dimitrov in the Paris Masters third round.
Norway's Kjetil Jansrud sped to Olympic gold in the men's Super-G alpine skiing on Sunday and Eva Samkova of the Czech Republic won the women's snowboarding cross on the testing course where a Russian skier broke her back a day earlier.
Novak Djokovic began his bid to hold on to his number one ranking with an easy win over Gilles Muller in the Paris Masters second round while Andy Murray struggled through and Stan Wawrinka faltered on Wednesday.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
Max Whitlock ending the long wait for a champion by claiming victory in the floor exercise and pommel horse finals.
The gains were capped due to month-end dollar demand from importers, mainly oil firms
A summary of sports events and persons who made news on Monday
The rupee has lost 37 paise or 0.55 per cent in two days.
