Arup Roychoudhury

The Sensex fell 984 points or 1.25 per cent, its second straight day of losses. Meanwhile, registering its fifth day of decline, the Nifty tumbled 324.40 points or 1.36 per cent to 23,559.05, the lowest since June.

Gautam Adani and others charged by prosecutors, including nephew Sagar Adani, may be forced to restrict overseas travels.

On Friday, the rupee weakened to another fresh low of 84.5075 per US dollar earlier in the day, pressured by portfolio outflows and a stronger American currency.

The energy giant said it was not informed about the investigation by the US Department of Justice and the Securities and Exchange Commission into Gautam Adani, nephew Sagar Adani and six other executives.

In an e-mail interaction with DH’s Arup Roychoudhury, British High Commissioner to India, Lindy Cameron said that the aim will be for a mutually beneficial FTA, even if it takes a little while longer.

The 30-share Sensex slumped 1,190.34 points or 1.48% to settle at 79,043.74. During the day, it had dropped as much as 1.63%. The wealth of investors on the Sensex fell by Rs 1.5 lakh crore. Meanwhile, the 50-share NSE Nifty fell 360.75 points or 1.49% to 23,914.15.

Das went on to be the second-longest serving RBI Governor, and the longest serving chief post-liberalisation.

While high levels of NPAs due to indiscriminate corporate lending do not pose a problem anymore, the central bank has a worry in unsecured retail lending.

The India VIX Volatility Index rose more than 3% on Tuesday after jumping up 10% on Monday, indicating continued uncertainty in the markets.

Forex reserves dip to 6-month low as RBI continues forex market intervention