The currency snapped a three-day losing streak to open higher in today's session, tracking the strength in the equity markets and weakness in the U.S. Dollar.

The rupee opened at 75.89 against the greenback as compared to Monday's close of 76.03. It closed above the mark of 76 on Monday for the first time since April 28.

The currency has declined nearly 0.6% in the last three trading sessions.

ANZ Bank believes that the high-yielder rupee will benefit from carry trade but maintained a negative near-term outlook for India.

Within the Bond markets, states like Tamil Nadu and Rajasthan plan to sell bonds worth Rs 4,700 crore in today's session.

The lender informed the exchanges on Monday that it has signed a preliminary, non-binding letter of intent with the Clix Group with regards to the proposed amalgamation of the group with the bank.

Under the non-binding Letter of Intent, the proposed amalgamation is subject to completion of mutual due diligence.

The due diligence will take place in an exclusive window of 45 days and will be subject to regulatory and other customary approvals.

Shares are locked in an upper circuit of 5% for the third straight day at Rs 16.

The passenger car and M&HCV manufacturer reported a net loss of Rs 9,894 crore during the March quarter, which was attributed to two exceptional items.

The first exceptional item pertained to provisions for impairment in the PV Business, onerous contracts and subsidiaries, amounting to Rs 2,548.8 crore. Another exceptional item of Rs 2,800.6 crore impacted the company's profitability.

Ebitda fell 70.4% while margins narrowed to 3.8% from 9.3% in the same quarter last year.

The company expects JLR's free cash flow to be less than negative 2 billion pounds in the June quarter.

The management also said that it is planning for a strategic partner for its Passenger Vehicles business.

Shares gained as much as 3% to Rs 103.5 and are now fluctuating between gains and losses. Until closing on Monday, the stock had a five-day losing streak.

• India reports 10,667 new cases in the last 24 hours.
• Total number of cases in the country rise to 3,43,091.
• Active cases stand at 1,53,078.
• Death toll rises to 9,900
• Total patients cured / discharged / migrated at 1,80,013
• 380 deaths and 10,215 recoveries also reported in the last 24 hours.

Canara Bank's non-banking financial arm reported a 35% growth in its Net Interest Income for the March quarter to Rs 186 crore. Net profit too saw an increase of 36% from the previous year to Rs 91 crore.

Asset quality remained largely stable at 0.76% as compared to 0.8% in the previous quarter.

The company reported a loan book growth of 13% while Net Interest Margins rose to 3.52% from 3.29%.

For its Covid-19 impact, the company said that it did not make any disbursements during the month of April 2020 and business resumed only in the last week of May.

Shares gained as much as 11.7% - the biggest single-day gain for the stock in five months. The stock is now trading at a three-month high.