The rupee (INR) suffered sharp losses against the US dollar (USD) today, falling by 37 paise to 65.65 against the greenback.
Indian shares were little changed on Wednesday, while market heavyweight Reliance Industries Ltd hit a record high as a cut in mobile interconnect fee is seen benefiting the company’s telecom unit.
Apple launched its 2017 iPhone models – iPhone X, iPhone 8, and iPhone 8 Plus – on Tuesday, and while leaks left hardly any room for surprises in terms of hardware,
The BSE Sensex and Nifty turned flat during post noon trade on Thursday as energy shares led by Reliance Industries,
Indian stock markets fell sharply in early noon trade with banking stocks leading the losses. The Nifty fell below the 9,950 mark while the Sensex declined over 350 points.
ECB president Mario Draghi also hinted that there was no need to cut rates further.
He told a press conference: “We are now confident that inflation will converge with our objectives.”