The yuan dropped further by 0.28 per cent to 6.7943 per dollar, its lowest levels in a year following a rising slump in recent weeks as the trade war between the US and China brewed.
The Indian currency’s fall on Thursday was the biggest single-day fall since May 29. The last time the rupee hit an all-time closing low of 68.9413 was on July 5. It touched all-time intra-day low of 69.09/10 on June 28.
Broader Asian shares struggled to hold earlier gains made after upbeat Wall Street earnings, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.19 per cent.
The 30-share index was trading flat at 36,373.23 after beginning the session 142.14 points higher. The index had lost 146.52 points in the previous session.
This is the first capital infusion in the current fiscal and the remaining amount of Rs 53,664 crore is expected to be disbursed during the course of the year.
The broader NSE Nifty was trading 40.20 points, or 0.37 per cent, higher at 10,977.05.
Shares of DRL fell 9.85% after a US court restrained the firm from resuming sales of its generic version of Suboxone in the US.
The Sebi move follows several cases of auditing issues and diversion of bank funds by listed companies. The regulator has no direct control over auditing lapses.
For the first three months of the current fiscal, non-petroleum and non-gems and jewellery exports grew 13.6 per cent from a year earlier, although overall goods exports rose 14.2 per cent during this period.
BSE mid- and small-cap indices showed a decline of 14 and 18 per cent, respectively, from their all-time highs in January.
The rupee also surged by 20 paise to end at a one-week high of 68.57 against the US dollar buoyed by a steep fall in crude prices and a strong rally in equity markets.
Shares of the company opened at Rs 1,043.15, then touched its 52-week high of Rs 1,091, up 5.27 per cent over its previous closing price.
TCS stock closed at Rs 1,979.60 on the BSE. During the day, it climbed 6.28 per cent to Rs 1,995 — its 52-week high.
The benchmark BSE Sensex opened 59.64 points higher, but soon turned choppy in early trade, as investors cashed profits in metal, healthcare, PSU and auto stocks, amid weak Asian cues as US-China trade spat escalated.
The benchmark Sensex opened strong and hit a high of 36,274.33 before finally ending at 36,239.62, up 304.90 points or 0.85 per cent. It has now gained 665.07 points in three sessions.
The rupee fell 8 paise to trade at 69.03 against the US dollar in early trade on Friday on appreciation of the American currency overseas and sustained foreign capital outflows.
Indore Municipal Corporation issued bonds aggregating Rs 100 crore with green shoe option of Rs 70 crore on June 29 and received an overwhelming response with an over-subscription of 1.26 times.
Buckling under intense selling pressure, the rupee fell sharply to hit a session's low of 69.01 in mid-afternoon deals before concluding the day at 68.95 against the dollar. The BSE Sensex fell over 70.85 points to close at 35,574.55 on the BSE.
Shares of DEN Networks Ltd, Hathway Cable and Datacom Ltd witnessed a fall between 11 to 18 per cent after the announcement.
US President Donald Trump's new tariffs on Chinese imports deadline also affected investors' sentiment world over, brokers said.