Petrol price has been cut by 58 paise a litre and diesel by 25 paise with effect from midnight tonight.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
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On Monday, the rupee gained 16 paise.
After a robust Q4 FY14, thanks to election spends on advertising across platforms, media entities might see slightly lower ad revenue growth at 12 to 14 per cent.
Foreign investors have bought around $2.4 billion in both debt and equity so far in October, pushing the total inflows to nearly $36 billion so far in the year.
The rupee had closed with a gain of 12 paise on Friday.
The rupee hovered in a narrow range of 62.20 and 62.28
The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in February's monetary policy review meet, says a Bank of America Merrill Lynch report.
The rupee had gained 28 paise against the American currency to settle at nearly two-month high at 66.74 in Monday's trade.
The Standard Chartered Bank has struck an on-shore foreign currency option transaction with Reliance Industries Ltd for $30 million, allowing RIL to hedge its dollar exposure.
Be it for the organisation they work for, or for their own venture, if they believe in an idea, they work relentlessly towards it.
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In New York market, the dollar lost ground against most major rivals on last Friday amid mixed US data on industrial production and consumer sentiment.
Rupee fell to its 9-month low of 62.03 against the dollar.
The industry employs about 10 million workforce.
Weakness of the dollar against other currencies overseas gave the rupee more muscle.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
India Test skipper Virat Kohli was among the few cricketers who received a higher actual salary according to the salary details of the retained Indian Premier League players listed by the Board of Control for Cricket in India on Friday.
A strong dollar overseas and some hesitancy in local stocks, however, limited the rupee rise.
In New York market, the dollar fell further against the euro yesterday after minutes from the Federal Reserve's March meeting detailed risks that could keep interest rates depressed even after the first rate hike.
The rupee had plummeted to over three-month low of 63.32.
Rupee rises by 16 paise against dollar on fresh selling.
Petrol price will go up by Rs 3.18 per litre, diesel by Rs 3.09.
At lower levels, a supportive buying in dollar forced rupee to depreciate since opening trade
A litre of petrol in Delhi will cost Rs 57.31 from Monday.
The NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before closing at 10,762.45 with a loss of 59.40 points, or 0.55 per cent.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
Dollar gained against major currencies overseas.
The domestic currency had lost 10 paise to close at 59.03 against the dollar in Thursday's trade amid capital outflows linked to fall in equities.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
The rupee on Friday fell by 9 paise to 67.64 per dollar on fresh demand for the American currency.
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
Rupee gained on increased selling of the US currency by banks and exporters
Petrol price was cut by Rs 2.43 per litre and diesel by Rs 3.60 a litre, the third reduction in rates this month.
