Reuters Market Eye - The rupee is down 3 percent for the year as of December 26, and is set to end the year with losses.
The rupee is on course to become Asia's third worst performing currency this year: only the Japanese yen and the Indonesian rupiah have posted bigger losses, according to the currencies tracked by Reuters.
The rupee has had a volatile 2012, slumping to a record low of 57.32/dollar in late June, on concerns about India's current account and fiscal deficits.
Although the currency has recovered since mid-September when the government pushed ambitious reforms in retail and aviation, the performance contrasts sharply with the 25 percent gain in the Sensex this year.
The rupee is down even after the country attracted $24 billion in foreign inflows into stocks, the second highest in the past five years.
For graphic see: link.reuters.com/ten84t
(Reporting by Subhadip Sircar)
Piramal to partner Bain Capital for distressed-debt investment
MUMBAI Piramal Enterprises Ltd said it would partner Bain Capital to invest in distressed assets, becoming the latest entrant in the space as the nation's banks are on a drive to clean up $120 billion of sour debt.
Wall Street opens little changed as investors eye Fed
U.S. stocks were little changed at the open on Wednesday as investors kept up their wait for Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of an interest rate hike.
Planned BP stake sale in Indian unit has not taken place - exchange data
MUMBAI An up to $261 million share sale in Castrol India Ltd by BP Plc due to take place on Wednesday according to a term sheet seen by Reuters had not taken place as of the end of the trading day, according to exchange data.