While it was slightly lower in Asia, the pound managed to avoid the sort of pummelling many had predicted.
Extending gains for the second session, the BSE benchmark Sensex Wednesday rose over 100 points tracking heavy buying by domestic institutional investors after the government said that the country…
The rupee opened on a weak note at 71.10 at the interbank forex market then lost further ground and touched a low of 71.12.
While petrol prices were reduced by 0.8 paise in Delhi and Mumbai, diesel saw an increase of around 12 paise.
Last time, imports had plunged into negative territory in September 2016. It was dipped by 2.54 per cent then.
Flipkart's Amar Nagaram has been named as the head of Myntra and Jabong, the e-commerce fashion company said.
The 30-share index settled 464.77 points, or 1.30 per cent, higher at 36,318.33, while the broader NSE Nifty rallied 149.20 points, or 1.39 per cent, to finish at 10,886.80.
At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.79 then fell further to 71.02 against the American currency, down by 10 paise over its previous closing price.
The 30-share index Jumped 328.44 points, or 0.92 per cent, to 36,182 in early trade.
The prices of petrol were revised to Rs 70.41 per litre in Delhi, Rs 76.05 per litre in Mumbai, Rs 72.52 per litre in Kolkata and 73.08 in Chennai.
US West Texas Intermediate (WTI) crude futures were at $50.78 per barrel at 0041 GMT, up 27 cents, or 0.5 per cent, from their last settlement.
The tech-heavy Nasdaq fell hardest, losing 0.9 per cent and closing at 6,905.92.
The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors, and vendors.
The decline was helped by a fall in food prices and smaller increases in fuel costs.
After a volatile session, the 30-share index settled 156.28 points, or 0.43 per cent, down at 35,853.56.