Business

Rupee continues good run, gains another 16 paise Vs dollar

Mumbai: The rupee firmed up 16 paise to trade at 63.70 against the dollar in the opening session on Friday, rising for a third straight day on increased selling of the US currency by exporters and banks.

Forex dealers said the dollar was weak against other currencies overseas which supported the rupee. A higher opening in the domestic equity market also influenced the rupee uptrend, they added.

Yesterday, the rupee had gained 2 paise to close at 63.86 against the American currency. Meanwhile, the benchmark BSE Sensex rose 130.58 points, or 0.37 per cent, to 35,390.87 in early trade on Friday. 







PNB fraud: Centre opposes plea for SIT probe

New Delhi: The Centre today opposed in the Supreme Court a PIL seeking an independent probe and deportation of billionaire jeweller Nirav Modi in the ...

Those cheating the banking system will be chased down: Arun Jaitley

New Delhi: Finance minister Arun Jaitley said that the state will chase down those who cheat the banking system on Thursday. He added that auditors ha...

Odisha govt exploring new opportunities in cooperative sector

Bhubaneswar: The Odisha government has initiated the process for exploring new opportunities in the cooperative sector for generation of new employmen...

Following Rs 11,000 cr scam, Fitch places PNB on 'Rating Watch Negative'

New Delhi: Following the fraud worth over Rs 11,000 crore in Punjab National Bank, the global ratings agency Fitch has placed the state-run bank's via...