MILAN (Reuters) -Shares in Telecom Italia (TIM) recovered from fresh record lows on Monday as the head of Italy's biggest phone group met investors to convince them of the merits of his standalone strategy.

Investor morale in the euro zone plunged in March in the wake of the Russian invasion of Ukraine and its implications for the global economy, a survey showed on Monday.

MUMBAI (Reuters) -The Indian rupee fell to a historic low on Monday, while bond yields surged as a sharp rise in global prices of crude oil stirred concern about domestic inflation, strengthening prospects of interest rate hikes by the central bank.

British clothing retailer Next is to close its Russian operations following Russia's invasion of Ukraine, joining a growing list of companies shunning the country.

European stocks hit a one-year low on Monday, with German and French shares set to confirm a bear market as the United States and Western allies weigh a ban on importing Russian oil, raising fears of a spike in inflation dragging economic growth.

The head of Japan's largest business lobby said on Monday the country's imports of Russian crude could not be replaced immediately, as global discussions gathered pace about the possibility of cutting Moscow's oil from markets.