Economist and former NITI Aayog Vice-Chairman Arvind Panagariya said there is no need to panic if rupee reaches the Rs 100-per-dollar level. He suggested that RBI should allow currency to adjust naturally instead of aggressively defending a psychological threshold

Broad-based buying was seen across sectors, led by auto and banking stocks, while small-cap indices outperformed. Analysts attributed the positive sentiment to lower oil prices, strong corporate earnings and improved currency stability