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India’s imports fell 17.09 per cent to $33.81 billion in February.
Ten Chinese private giants, including Internet firms Alibaba and Tencent will participate in the process.
On Monday the rupee closed at 60.85/86 per dollar compared with 61.08/09 on Friday.
The HSBC Emerging Markets Index (EMI) sank to 51.1 in February from 51.4 in January.
China’s Manzhouli port bears more than 60 per cent of China-Russia trade via land transport.
The Indian telecom giant has also bid to buy a Kenyan telecom rival Essar's Yu.
Premier Li Keqiang is set to deliver his first government work report on Wednesday.
The rally was driven by growth in new business orders and an improved macroeconomic situation.