The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.
Hong Kong shares led declines among major regional indexes, with Hang Seng falling 0.46%, though it kept a bit of distance from a two-month low touched on Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese shares down a similar amount.
At 9:15 am, S&P BSE Sensex was trading at 30,796.67, up 187.37 points (0.61 per cent), while the broader Nifty 50 was up 50.65 points (0.56 per cent) at 9,079.70.
Rajeswari, General Manager of New India Assurance, is set to replace AV Girija Kumar, who retires this month.
According to the SBI’s research report ‘Ecowrap’, gross domestic product (GDP) growth is likely to be 4.2 per cent for the full year of FY20.
In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.
On the flight movement on Tuesday, the aviation minister said the airports have handled 325 departures and 283 arrivals with 41,673 passengers till 5 pm.
Lufthansa Chief Executive Officer Carsten Spohr has previously said the airline, Europe’s biggest with over 760 jets pre-crisis, would slash emissions by investing in more fuel-efficient aircraft.
Spot gold was down 0.2% at $1,725.25 per ounce by 1046 GMT. US gold futures fell 0.6% to $1,724.60.
According to the SBI's research report - Ecowrap - the gross domestic product (GDP) growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21.
On March 27, the RBI had first announced a 3-month moratorium on all loans -- including home and term loans -- and outstanding credit card dues for three months. It was again extended for another three months till August 31.
On BSE, HDFC stock declined 1.55 per cent to Rs 1,493. They fell 1.55 per cent to Rs 1,492.60 on NSE.
The ITC scrip rose by 4.61 per cent to Rs 194.95 on BSE, and 4.61 per cent to Rs 194.95 on NSE.
The lay offs come from across driver and rider support, as well as other functions, Uber said in a statement adding that these reductions are part of its previously announced global job cuts earlier this month.
At the interbank foreign exchange, the rupee opened at 75.69, then gained ground to touch 75.65, registering a rise of 30 paise over its previous close.
US West Texas Intermediate (WTI) crude futures gained 3.2%, or $1.06, to $34.31 a barrel as of 0429 GMT, just off an intra-day high of $34.33. Brent crude futures were up nearly 1.7%, or 59 cents to $36.12, adding to a 1.1% gain on Monday in thin holiday trading.
Japan's Nikkei led the way with a rise of 2% to its highest since early March when the economic impact of the coronavirus was just becoming clear. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.4%, while South Korea rose 1.1%.
The S&P BSE Sensex slipped 63.29 points (0.21 per cent) to end at 30,609.30, while the broader Nifty 50 settled at 9,029.05, down 10.20 points (0.11 per cent).
Berlin, which has set up a 100 billion euro fund to take stakes in companies struck by the coronavirus crisis, said it plans to sell the Lufthansa stake by the end of 2023.
Rathin Roy, director at National Institute of Public Finance and Policy and former member of the Prime Minister’s Economic Advisory Council.