The Indian rupee plunged as much as 0.64 per cent to a fresh record low of 73.813 against the dollar after hitting an all-time low on Wednesday.
The rupee collapsed to a fresh low of 73.77 against the USA dollar on Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
The current account has faced additional pressure as India, like many emerging market economies, has also suffered due to rising USA interest rates drawing investors away.
One forex dealer at a foreign bank, who asked not to be named, said early intervention by the central bank stopped the rupee from hitting 74 per dollar, but it is still down 13.3 percent since the start of the year, making it the worst performer among Asia's emerging market currencies.
The RBI is also expected to assure markets that adequate funds are available after investors panicked when a series of debt defaults by Infrastructure Leasing & Financial Services (IL&FS) led to redemption pressure at other companies in the shadow banking sector. Brent crude oil is now trading near United States dollars 85/bl, at the highest level since November 2014.
Jon Favreau Revealed Details On His 'Star Wars' Show 'The Mandalorian'
Recently the same source heard rumblings that Star Wars Rebels creator/showrunner Dave Filloni might be directing two of the episodes .
4 arrested in connection with LA celebrity burglaries
The NBA's Nick Young lost about $500,000 in jewelry and other items during a burglary at his Tarzana home. Targets were selected "based on social media postings and touring or travel schedules", Carranza said.
Oil slips as Saudi raises output towards record
Trump did not specify when he made the remarks to the Saudi monarch but they come on the back of increasing oil prices in the US. This is predicted to show that weekly crude inventories rose by 1,985,000 barrels after the previous week's 1,852,000 increase.
The 10-year gilt yield closed at 8.112%, up over 12 basis points from its previous close of 7.988%. Indian bond yields spiked as prices fell.
Edelweiss Securities expects that external headwinds in the form of surging crude prices and a depreciating rupee continue to be key concerns for the bond markets.
DBS economist Radhika Rao also predicted a rate hike.
"Despite a stronger dollar, crude oil prices continued to remain very elevated, which is putting further pressure on current-account deficit currencies that rely on oil imports, India and Indonesia specifically", said ANZ's Goh.