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USDINR trading at 62.60 against its open at 62.80.
Sensex provisionally closes 0.1 percent higher.
Oil prices fall more than $1, after sharp gains in the previous session, as worries of a disruption to crude supplies due to Saudi Arabia-led air strikes in Yemen eases.
Saudi Arabia will have U.S. help planning air strikes on Houthi rebels in Yemen, in addition to logistical and intelligence support, the White House said, as the kingdom tries to prevent the overthrow of its southern neighbor’s elected government.
Federal Reserve officials, fresh from the latest round of tests designed to ensure the safety of the biggest banks, are now peering into the darker corners of the financial system as they assess the risks of another crisis.
Prime Minister Narendra Modi wants to promote a "per drop, more crop" approach to farming to make better use of scarce water, and aims to have a new satellite crop monitoring system working in time for the peak of this year's monsoon in July.
The Bank of Japan’s key inflation gauge ground to a halt as consumer spending slumped, highlighting weakness in the nation’s recovery from recession.
As Indian Prime Minister Narendra Modi was winning headlines garnering U.S. support for a $160 billion solar-power push, the bond market was putting together more concrete funding plans.
The BoC has argued that the cut in January was ‘insurance’ and that cutting pre-emptively has provided it with time to better estimate the impact of the oil shock on the economy.
China’s biggest banks are accelerating cuts to their dividend payouts as bad debts pile up from struggling exporters in the Pearl River Delta, coal companies in the nation’s west and manufacturers in the Bohai Rim near Beijing.
Dollar demand will also be there due to escalating tension in the Middle-East after Saudi Arabia-led coalition strikes rebels in Yemen, inflaming tensions in the region and increasing fears of disruption in oil supply.
FIIs sold a net 5.21 billion rupees ($83.22 million) worth of shares, in a session that saw both indexes falling to their lowest since Jan. 14 after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen.
Top Five Reasons Sensex is down over 200 points
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