The Indian currency on Tuesday crashed to a life-time low of 70.09 on concerns over Turkey's economic woes that have impacted various emerging markets, even as the US dollar gained strength against other currencies.
Markets witnessed the rupee breach Rs 70 to a dollar level to reach Rs. 70.08. Given the global uncertainties on multiple fronts, the worst is not over yet.
The report has come even as the Naresh Goyal-promoted Jet Airways's fiscal conditions are under pressure due to the surging jet fuel prices and low fares.
Bharat Gas Resources Ltd, a unit of state-owned BPCL, won licence for 11 cities like Amethi and Rai Bareli in Uttar Pradesh and Ahmednagar in Maharashtra
The acquisition will help One97 Communications, which operates the Paytm brand, in further enhancing its user and merchant interfaces, Paytm said in a statement.
Strong gains in banking, oil and gas, PSU, realty, healthcare, IT, teck, metal, infrastructure, capital goods, FMCG, power and auto stocks spurred the index higher.
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