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At a meeting of the committee on market access at the World Trade Organization (WTO), the US said the measure prompts its firms to think twice about doing business in India and it would impact its exports while China and Taiwan sought the purpose of this policy.

Analysts say the changes made by banks on credit cards this year reflect the new reality after the sharp 250-basis point increase in interest rates by the Reserve Bank of India (RBI) since May 2022 to restrain inflation. One basis point is 0.01 percentage point. ET analysed credit card rewards and charges for HDFC Bank, SBI Card and Axis Bank, which together make up more than 50% of the outstanding cards in the market.

India has experienced strong merger and acquisition (M&A) activities and a flourishing IPO market in 2023, making it a shining star in Asia, according to Tyler Dickson, head of investment banking at Citi. He believes that India offers attractive opportunities for both domestic and international clients, despite tighter liquidity conditions.

Foreign portfolio investment in Indian government securities designated under the Fully Accessible Route (FAR) have crossed the ₹1 trillion lakh crore, rising to ₹1.02 lakh crore as on October 16 versus ₹96,661.33 crore as on September 29, Clearing Corporation of India data showed.

The rupee settled at 83.28 per US dollar, a fresh closing low. The closing level was the same as the intraday low on Monday, just shy of the all-time intraday low of 83.29, a level seen in October 2022. On Friday, the rupee had closed at 83.26. In 2023, the rupee has shed 0.7% versus the dollar.

In a stock exchange filing, Steel Exchange of India said that Neo Asset Management and co-investors will acquire 3,828 debentures, with a total principal amount of ₹275 crore.

​Motherson has experienced an upward move after a brief consolidation on the daily chart

The rupee hit its previous record closing low of 83.2675 on September 18, Reuters reported. Among the Asian currencies, Korean won led losses after a 0.27% fall

Bitcoin, known for its volatility, was last trading up 3% at $28,000, after earlier rising as much as 10% to $29,900, its highest since August.