Money & markets in 5 minutes

Things worth knowing

1. 01
   MARKETS

   September leaves Indian shares bruised

   The Nifty fell 0.42% on Wednesday to 22,620.45 and the Sensex slipped 0.07% to 72,480.29. Over September, the indices lost 6.1% and 5.8% respectively, their steepest monthly declines since March, while foreign investors sold $2.7 billion of Indian shares.

   So what for you?

   A weak month can affect portfolio values, but the bigger lesson is that global oil, interest rates and foreign flows can move Indian markets together.

2. 02
   ENERGY

   India approves a major clean-energy push

   The cabinet approved a 1.86 trillion rupee renewable-energy programme covering grid upgrades and battery storage. The plan includes 1.36 trillion rupees for transmission capable of handling up to 135 GW of clean energy and 500 billion rupees of incentives for 50 GWh of battery storage.

3. 03
   CURRENCY

   Rupee recovers on the final day of the quarter

   The rupee closed at 95.83 per dollar, stronger than 95.98 in the previous session, helped by persistent RBI intervention. It still lost 0.7% in September and 1.2% over the July to September quarter as expensive crude and high global bond yields pressured emerging-market currencies.

   So what for you?

   A stronger rupee reduces the rupee cost of dollar-priced imports and overseas spending.