AgenciesThe rupee fell to 83.1800 to the U.S. dollar from 83.04 in the previous session.
Asian currencies declined following a further rise in U.S. Treasury yields.
The 10-year U.S. yield climbed to 4.26% on bets that the U.S. Federal Reserve will hold rates higher for longer.
The onshore Chinese yuan dropped to a 10-month low, before paring losses after intervention from state-run banks.
Meanwhile, Brent crude was at $89.76, having reached the highest since November 2022 during the New York trading session on Tuesday.
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India’s Soaring M-Cap Hits RecordIndia’s market capitalisation hit a record $3.75 trillion on September 4, propelled by inflows from domestic and foreign investors as well as a stream of new listings.
Prez Dinner Invite Sparks Debate Over India-BharatPresident Droupadi Murmu’s invitation to G20 leaders for an official dinner on September 9, referring to Murmu as the ‘President of Bharat’, set off a sharp exchange between the BJP and the Opposition over whether there was a move to change the country’s name from India to ‘Bharat’.
Voltas Aims for a Spot in Top 3 Consumer BrandsVoltas, the Tata-owned company probably best known for air-conditioners and refrigerators, is looking to transform itself into one of India’s top three consumer durable brands. It’s being “recrafted” with increased capital allocation, faster decision making and strengthened leadership, company chairman Noel Tata told ET, in a rare media interaction.
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