India, Jan. 25 -- Indian stock markets remain closed today on account of Republic Day. Currency markets will also remain closed for the day but trading in the commodity derivatives segment will be conducted during the evening session, as per the exchange schedule.

Benchmark indexes Sensex and Nifty tumbled over 2 percent last week, leading to investors losing over Rs 16 lakh crore as the rupee sank to a record low against the dollar on continued foreign fund outflows.

The India-European Union free trade agreement (FTA) is expected to be announced on January 27 after nearly two decades of hard bargaining on both sides.

As Russian oil imports fall, the United States has hinted at removing the additional 25 percent tariffs on India.

Asian ...