Business

Currency strategist at Geojit Comtrade said rupee may pull back more from the current level if RBI and government come up with more measures.

The rupee was at 59.63/64 to a dollar versus 59.68/69 Monday close

The benchmark index resumed lower at 18,695.80 and dropped further to a low of 18,615.14 on sustained selling pressure.

This will be India's first auction since raising investment limits for foreign long term investors in government debt to $30 billion.

The National Stock Exchange index Nifty rose by 41.65 points, or 0.72 per cent, to 5,850.05 led by auto stocks.

Since diesel price was hiked by 50 paisa, excluding VAT, on June 1, the next increase will happen at the month end.

"The task of rebuilding a desirable Infosys will take at least 36 months even with full dedication of every Infoscion," he said.

Air India has re-launched commercial flight of the Dreamliner between Delhi and London on May 22.

After making a weak opening, shares of the company further lost 2.62 per cent to Rs 1,545.50 on the BSE.

Cognizant is a US-listed, American company, although nearly 75 per cent of the company's global headcount is in India.

The ICAI, however, said it was yet to initiate the inquiry against the company's auditor at that time.

The Planning Commission targets 8 per cent annual average growth rate in the 12th Five-Year Plan period.

The restrictions will, however, not apply to import of gold to meet the needs of exporters of gold jewellery.

Myanmar, one of the world's last major untapped mobile markets, has called bids for two mobile licences and short-listed 12 international consortia.

The advisory also listed as to where people can lodge complaints in case some financial entity is found to be conducting business unauthorisedly.

The BSE Sensex provisionally fell 2.24 per cent, while the Nifty ended down 2.26 per cent, marking their lowest close in a week.