Dealmakers and advisors feel investors are shifting their focus to Asia Pacific, especially India, owing to geopolitical instability driven by events such as Brexit and protectionist trade wars.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
The dollar index was up by a whopping 0.45 per cent against basket of six major global rivals, which also pushed the rupee to log its biggest daily loss since September 15.
Initially, hair care products such as Vatika hair oil and shampoos, Meswak toothpaste, Chyawanprash and honey would be made available.
Indian indices fell more than those of most other emerging markets.
Projecting 34 per cent decline in foreign capital inflows due to uncertain external environment, the PM's Economic Advisory Council (PMEAC) on Wednesday made a strong case for easing the External Commercial Borrowing guidelines to help corporates borrow funds from overseas debt market.
The rupee rallied for the second straight session by gaining 21 paise to end at 66.10 against US dollar.
Continue to invest normally unless prices fall drastically in April-May. If prices do fall drastically, invest more than normal, advises Devangshu Datta.
Investments into domestic shares through participatory notes (P-Notes) surged to the highest level in more than six-and-half years at Rs 2.65 lakh crore (about $43 billion) in October.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
All directors, key officials, and shareholder speakers will be visible and audible and thousands of shareholders, including those from the US, UK, Canada UAE, Japan, HongKong, Singapore, Malaysia, and Australia, will be able to post their questions and eVote on resolutions.
While Geojit Financial Services and Kotak Securities are already managing large NRI portfolios in West Asian countries, Sharekhan, yet another local brokerage outfit, recently launched a broking platform called India First in Bangkok for NRI clients.
On Thursday, the rupee jumped 50 paise to close at 62.67 against the Greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
The domestic currency had gained by 80 paise, or 1.19 per cent, in previous five trading days.
It moved in a range of 59.80 and 59.99 per dollar during the morning deals.
'Aleris will bring in $3 billion of revenue. Novelis has $12 billion of revenues. If we add Hindalco's $6-billion revenue, then on a consolidated basis, we will become the world's largest aluminium company outside China.'
The rupee continued its downslide for the second session in a row, depreciating by 20 paise to close at more than one-week low of 62.51 against the greenback.
A proposal to hike the FDI cap in the sector was first mooted by the previous UPA government.
Genus Overseas Electronics Ltd plans to increase authorised share capital from Rs 11.7 crore to Rs 15.2 crore divided into 1,01,60,000 equity shares of Rs 10 each and 5,04,000 - 10% redeemable preference shares of Rs 100 each.
Benchmark AMC's scheme is called silver BeES and each unit issued under the scheme will be equal to price of 100 grams of silver. The entry load for the fund will be 2.25 per cent during the new fund offering (NFO).
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
Indian rupee washed out initial losses against the greenback.
Total foreign investment in the stock market has reached Rs 90,715 crore so far in 2013.
Concerned over the spurt in capital inflows from overseas, the Indian government is monitoring investments in certain sectors to ensure such funds do not pose a security threat to the country. "We are looking at certain investments in certain sectors," National Security Advisor M K Narayanan told reporters when asked about large inflows coming into India from China and middle-east countries through private equity players such as Blackstone.
The rupee on Monday failed to maintain initial gains and ended lower by five paise at 60.21 against the dollar on fag-end demand for the US currency from banks and importers.
The price rise of essential food items like vegetables, fruits and cereals, pushed up inflation to five-month high of 6.01 per cent in May.
With private and foreign banks scaling down their lending activity and equity and overseas sources of capital drying up, the total flow of resources to the commercial sector has dropped by nearly 20 per cent till the end of February.
Unless the dividend distribution tax is removed, India Inc's ability to finance investments will be severely compromised.
Consistent capital inflows and a recovery in local equities helped the local unit to trim initial losses
It moved in a range of 66.9250 and 66.70 per dollar during the day
Gold plunged by Rs 120 to Rs 30,810 per ten gram, while silver lost Rs 280 to Rs 49,670 per kg on falling demand among industrial units and coin makers.
The US dollar jumped in overseas market on Wednesday.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
The rupee had lost 11 paise to close at 66.44 against the dollar.
The Indian rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas.
Turnover on exchanges dips to pre-Modi levels
The bank approached RBI for the second time in August this year. The erstwhile development financial institution had approached the regulator in 2007 to get into the private equity business. While no formal proposal was moved, RBI had then advised the bank to concentrate on its upcoming life insurance business. Its joint venture with Fortis and Federal Bank is now up and running.
The domestic market is likely to continue reeling under the sharp bearish tone adopted by overseas investors, with continuing meltdown in global markets like the US and China providing further impetus, analysts believe.
Firm equity market failed to restrict the rupee's fall against the dollar
The rupee on Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar.
