The rupee recovered from a low level and traded with a gain of 12 paise at 90.66 against the US dollar in early deals on Monday, tracking a retreating greenback against major overseas rivals.
A proposed board meeting of the Sir Ratan Tata Trust (SRTT), which was supposed to take up the appointment of Neville Tata, son of Tata Trusts Chairman Noel Tata, as a trustee on Saturday is understood to have been cancelled due to lack of quorum.
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India is set for a power-packed representation at the World Economic Forum Annual Meeting in this Alpine resort town that will see the global elite discuss "a spirit of dialogue" in a fragmented world for five days beginning Monday.
Silver price extended its record-setting rally for the sixth straight day by rising Rs 3,600 to Rs 2,92,600 per kg in the national capital on Friday amid sustained buying by stockists, according to the All India Sarafa Association.
Prime Minister Narendra Modi on Friday said India has full faith in the innovation and confidence of its startups, and added that the nation should lead globally in startup trends and technology in the coming decade.
The rupee extended its weakening momentum for the third straight session, losing 10 paise to 90.44 against the US dollar in early trade on Friday, weighed down by relentless outflow of foreign funds and a firm greenback.
Silver prices zoomed by Rs 15,000 to a fresh record of Rs 2,86,000 per kg in the national capital on Wednesday, while gold also climbed to touch a lifetime high of Rs 1,46,500 per 10 grams, tracking strong global trends.
The rupee rebounded from low levels and gained 11 paise to trade at 90.12 against the US dollar in early deals on Wednesday, tracking lower crude oil prices and retreating American currency overseas.
Civil unrest in Iran has started impacting India's basmati rice exports to the country, leading to a sharp fall in domestic prices, as exporters face payment delays and mounting uncertainties, an industry body said on Tuesday.
The rupee weakened by 5 paise to 90.22 against the US dollar in early trade on Tuesday, amid a strengthening American currency, higher crude oil prices and incessant outflow of foreign funds.
