Business

To a question whether Rajan is getting an extension, he quipped "these are not issues which we discuss through the media." Rajan's current three-year term as RBI chief is ending this September.

Vijjay Mallya's passport has been revoked and there is also a non-bailable warrant against him

Minister of State for Finance Jayant Sinha said the treaty revision will bring in lot of transparency about Mauritius-based entities investing in India.

About 279 shares have advanced, 121 shares declined, and 31 shares are unchanged.

According to Nasscom chairman CP Gurnani the drop in recruitment would not impact the revenue growth.

"As a central banker who has to be pragmatic, I cannot get euphoric if India is the fastest growing large economy," Rajan said.

Persistent foreign capital inflows also boosted the rupee value against the dollar, a forex dealer said.

RBI claimed that if the details of bad loans is disclosed, it will have an impact on the economy.

The rupee resumed lower at 66.50 as against the last closing level of 66.47 per dollar at the Interbank Foreign Exchange (Forex) market on initial dollar demand from banks and importers.

Rate sensitive, banking, realty and auto stocks, suffered the most as selling remained unabated throughout the day. Furthermore, weakness in the rupee which fell by 29 paise to Rs 66.50 (intra-day) against the dollar also weighed.

The RBI is expected to cut its policy interest rate by a quarter percentage point on Tuesday, lowering it to a more than five-year low.

The rupee resumed higher at 66.50 per dollar as against Monday's closing level of 66.57 at the Interbank Foreign Exchange (Forex) market and firmed up further to 66.4625 on initial selling of dollars by banks and exporters.