The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.
Market participants will keenly watch the YES Bank developments especially after the Enforcement Directorate on Sunday arrested the bank's co-founder Rana Kapoor under money laundering charges
As manufacturing in China recovers, so will the demand for raw materials
The report stated that industries, such as logistics and jewellery, had seen the biggest increase in usage over the past two years
Volatility continued to grip the markets amid investor concerns over the global coronavirus outbreak
Currency dealers say the central bank is intervening so that the currency doesn't strengthen more
Crude prices have seen some moderation in the past few sessions over demand slump amid rising coronavirus cases in China
Large inflows can increase policy challenges
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan
At the interbank foreign exchange market, the rupee opened weak and slipped to the 72-mark
The rupee had closed the 2018 year at 69.77 to the US dollar
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.
Rupee opened on a flat note and appreciated by 3 paise to 71.32 against the dollar in early trade on Thursday
The RBI bought has about $18 billion of foreign exchange since the end of September.
The rupee gain was further strengthened by weakening of dollar against the key rival currencies.
The rupee dropped to 72.2425 per dollar earlier this month, a whisker away from a nine-month low of 72.4075 set in September.
Weak opening in domestic equities also weighed on the domestic currency, however, sustained foreign fund inflows and easing crude oil prices capped the losses, forex traders said.
Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee