Business

Forex dealers said besides increased selling of the American currency by exporters and banks, weakness in the dollar against other currencies supported the rupee.

"We are planning a USD one billion private equity fund for renewable energy sector, initially seeded by government companies," the Power and Coal Minister said during the 'Talkathon' event on the Paris conference.

In a reversal of early trend, employees are no more finding start-ups attractive.

HUL, HDFC, Reliance, Bharti Airtel and ONGC were top gainers while Maruti was down 2 per cent.

Government has already announced some steps including 20 per cent safeguard duty on select steel products to protect domestic producers from recent surge in inward shipments.

The four-week sale will be open till midnight of December 14, and tickets booked under this offer will be governed by the airlines standard re-booking and cancellation policies, the airline said.

Rajan said Asia's third-largest economy is being hampered by a drop in public and private investments, but held out hope that strong foreign capital flows will help rectify this weakness.

Firm dollar in the overseas market also affected the rupee value against the dollar, a forex dealer said.

India also invited the BRICS partners to actively participate in its flagship initiatives including 'Make in India' ,'Smart Cities' and 'Skill India'.

The assertion comes after US-based consultant D&M in a draft report stated that about 9 billion cubic meters of natural gas worth around Rs 9,000 crore may have migrated from ONGC's idling Bay of Bengal fields to adjoining KG-D6 fields.

The rupee had fallen by 43 paise to close at 65.18 against the American currency on Tuesday on persistent dollar demand from banks and importers.

The requisite number of tickets has to be purchased and travel completed, both within the offer period to qualify for the free tickets.

NS Venkatesh of IDBI Bank said, "The rupee weakened against the dollar breaking a 6-day gaining streak. The rupee depreciation was mainly on account of dollar demand by state-owned banks for meeting import demand."

"The first is you rationalise your rates and have rational rate of taxation which helps you in making sure the people comply," Jaitley said in a lecture at Columbia University.