The rupee had gained 6 paise to close at 60.07 against the dollar in Thursday's trade on fresh selling of the American currency by banks and exporters in view of strong capital inflows.
A quick bounce back of the Chinese stocks looks improbable now.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Internet retailer Amazon and its fast-growing local rivals are driving a boom in commercial property leasing in India.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Further outperformance hinges on pickup in industrial activity, buying by local investors.
Finance Minister Arun Jaitley last month pointed to the high cost of capital for India's businesses as a key factor behind a manufacturing slowdown.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Banking shares saw a renewed buying interest on the hopes of a rate-cut by the central bank post the easing of macro-economic data.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
The Indian rupee was off to a bad start in the new year as it suffered the worst single-day drop in over two weeks today by falling 32 paise to end at 63.35 against the US dollar.
It's five months after 8/11. But this is not the first time that India's currency of the time faced the axe. The Mughals, after invading a territory, would effect the demonetisation of the local currency with the aim to cripple the economy of the land.
Global currency market sentiment is likely to be driven by the US deficit and debt ceiling negotiations, with markets likely to turn more risk averse closer to October 17, the date by which the US Congress must approve raising the country's borrowing limit.
India must carry on structural reforms, the finance minister said.
India's external debt at the end of the first quarter of the current fiscal declined by 0.9 per cent on sequential basis to $388.5 billion due to strengthening of the US dollar against rupee. In absolute terms, the decline was of $3.6 billion.
European Union steel prices hit their lowest since 2004
Overseas funds have also become strong buyers of debt, with net purchases of $5.6 billion so far this year.
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Oil companies on Wednesday slashed petrol and diesel prices by Rs 2, with effect from midnight tonight.
The rupee had strengthened by 19 paise on Monday.
The fair market value of an immovable property will be higher from the acquisition cost.
.jpg)
The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.
RBI will now increasingly shift focus to domestic parameters
The combined 10 Asian currencies have appreciated by 6.6%.
Opposition parties are holding nation-wide protests against the currency ban on Monday as part of the Jan Aakrosh Diwas to agitate against demonetisation.
There has been sizeable rise in external commercial borrowing and and rupee denominated Non-resident Indian deposits.
The rupee strengthened by 13 paise to 61.67 against the US dollar at close.
.jpg)
A weak rupee makes imports costlier, including oil and other commodities.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
The RuPay card is accepted at all ATMs (1.6 lakh plus), 95 per cent of PoS terminals (9.45 lakh plus) and most of the eCom merchants (about 10,000) in the country.
The 30-share Sensex ended in the red.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
The TCS results are probably a pointer to the subdued outlook.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
OVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corporation, holds 40 per cent stake in the San Cristobal oil project in Venezuela.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
The 30-share Sensex provisionally ended up 112 points at 28,555 and the 50-share Nifty closed 24 points higher at 8,561 after hitting a record high of 8,626.95.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances