Business

Oil saw its biggest daily fall in more than three years on Tuesday after the West's energy watchdog slashed its forecasts for world oil demand for this year and 2015.

The campaign aims to drive great traffic into the eBay stores of sellers.

The market extended its southward journey for the second trading session of the October month with the Sensex falling 296.02 points or 1.11 per cent to 26271.97 on Tuesday.

"India is benefiting from a "Modi dividend"," the Bank said in its twice-a-year South Asia Economic Focus report.

The event would be flagged off in Pune on Monday and in the next three days from October 7, ten members of Legasis team will visit various locations across 10 states.

Reserve Bank Governor Raghuram Rajan on Tuesday left all key rates unchanged citing continued risks to inflation and difficult external situation especially on the geopolitical front.

The Prime Minister would be having these meetings days after launching his government's ambitious 'Make In India' campaign on September 25.

Anchor investments of Rs 800 crore proposed to be made by Tata Steel at the Gopalpur Industrial Park include the ferro chrome plant, which is under construction after all the statutory clearances.

The reserves had grown by $60.5 million to $318.64 billion for the week ended August 29.

Snapping a two-day declining trend, the rupee on Thursday managed to end two paise higher at 60.93 against the greenback after late dollar demand and negative cues from stocks washed out a major part of mid-session gains.

Continued dollar demand from importers and some banks too weighed on the rupee value that intra-day hit a low of 61.04, said forex brokers.

Shares of realty, metal, capital goods, IT and banking declined. BHEL was the biggest Sensex loser, plunging by 4.44 per cent, while Hindalco declined by 3.40 per cent.

A benchmark index of Indian equities markets touched a new high of 27,225.85 points on Wednesday before closing the trade at 27,139.94 points.

The rupee had eased by five paise to close at 60.50 against the dollar in the previous session on Thursday.

The Supreme Court said that Maran's plea is premature and insisted that if the chargesheet is found defective, a lower court will quash it.

Renewed dollar demand from importers, mainly oil refiners, to meet their month-end obligations weighed on the rupee value.