Business

Rupee down 7 paise against dollar in early trade

The rupee was trading lower by 7 paise at 66.63 against the US dollar in early trade today on foreign fund outflows amid increased demand for the American currency from importers.

However, a weak dollar against major global currencies and a higher opening of the domestic equity market, capped the losses, forex dealers said.

The domestic unit closed higher by 11 paise at 66.56 in yesterday's trade on fag-end selling of the American currency by banks and exporters on the back of lower greenback overseas.

Meanwhile, the benchmark BSE Sensex recovered by 125.60 points or 0.49 per cent to 25,722.62 in early deals.

Source PTI

Will Take "Supervisory Action" In PNB Fraud Case: RBI

New Delhi: The Reserve Bank of India has carried out an assessment of the control systems at the Punjab National Bank, the central bank announced in a...

PNB fraud: Nirav Modi, Mehul Choksi's passport suspended

New Delhi: The passport issuing authority in the Ministry of External Affairs (MEA) on Friday suspended the validity of passports of Nirav Modi and Me...

RBI's New Rules On Soured Loans To Shoot Provisioning Costs: Experts

Mumbai: Just when many banks thought the worst of their bad debt woes were behind them, new central bank rules are stoking fears that the worst of the...

Punjab National Bank Reports Rs 11,360 Crore Fraud

New Delhi: The Punjab National Bank has reported fraudulent transactions worth Rs. 11,360 crore from a single branch in Mumbai. The amount is equal to...