Share markets in India are presently trading on a negative note. Sectoral indices are trading mixed with stocks in the auto sector and oil & gas sector witnessing maximum buying interest while metal stocks and IT stocks are witnessing selling pressure.

The BSE Sensex is trading down by 101 points (down 0.3%), while the NSE Nifty is trading down by 42 points (down 0.4%). The BSE Mid Cap index is trading down 0.3%, while the BSE Small Cap index is trading down by 0.2%.

The rupee is trading at Rs 71.37 against the US$.

The rupee opened 20 paise higher at 71.47 against the US currency, extending its gaining streak for the sixth straight session keeping afloat robust forex inflows and softening crude oil prices.

Rupee also got some support after the outcome from the RBI's board meeting on Monday removed uncertainty over a growing rift over policy decisions between the government and the central bank.

The rupee has gained over 1.5% since November 13.

Note that, the rupee is the worst performer in Asia in 2018. It has fallen by around 12% against the US dollar this year.

Indian Rupee is the Worst Performing Currency in Asia

This selling pressure is seen on the back of a strong dollar and high oil prices. Similarly, the spill-over from the emerging-market turmoil in Argentina and Turkey is weighing on the rupee.

The falling rupee is also triggering sales of bonds and stocks, which in turn is further pressuring the rupee.

However, in the near term, the rupee being under pressure could benefit export-oriented businesses.

It would be interesting to see how this pans out. Meanwhile, we will keep you updated on all the developments from this space.

In the latest development from the results corner, Siemens reported 55.2% fall in its net profit at Rs 2.8 billion for the quarter ended September 30, 2018, as compared to Rs 6.2 billion for the same quarter in the previous year.

Siemens share price is trading down by 1%.