The NSE Nifty traded in the red for the major part of the session and cracked below the 11,400-mark to hit a low of 11,366.25.
Mercedes-Benz currently sells a range of sedans and SUVs starting from the A-Class to GLS luxury SUV and Maybach S560
The 9.3 per cent fall in the rupee this year has already led to a surge in local prices of goods with an imported component
Abetment of bribery is a punishable offense under Section 12 in the Prevention of Corruption Act, 1988, with imprisonment for a term of six months to five years.
The 30-share index dropped 207.03 points, or 0.54 per cent, to 37,644.97. The gauge had gained 207.10 points in the previous session on Tuesday.
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The rupee had breached the 70 mark for the first time Tuesday.
High crude prices and the latest financial turmoil in Turkey have sent the Indian rupee to a record low of 70 against the American dollar.
The developments in the currency market were being monitored closely to address any situation that might arise in the context of the unsettled international environment, Jaitley added.
Japan's Nikkei slipped 1 per cent after rallying more than 2 per cent on Tuesday.
Sentiment was also clouded by a darkening economic outlook which could start impacting oil demand, traders said.
Many European refiners are winding down purchases of Iranian oil after the United States imposed sanctions on Tehran, leading to higher supplies to Asia, mainly India and China.