Business

Rupee slips 7 paise to 69.24 against US dollar in early trade

The rupee fell 7 paise to 69.24 against the US dollar in opening trade Monday on increased demand for the greenback from importers and banks. Forex dealers said strengthening of the American currency in the overseas market weighed on the domestic unit.

However, sustained foreign fund inflows and positive opening in domestic equities supported the rupee and restricted the fall. 
The rupee opened strong at 69.07 at the interbank forex market, then lost ground and fell to 69.24 down 7 paise over its last close. The rupee had settled at 69.17 against the US dollar on Friday. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 897.45 crore Friday, as per provisional data.Meanwhile, brent crude futures, the global oil benchmark, fell 0.14 per cent to trade at USD 71.45 per barrel.Benchmark equity index Sensex was trading 78.27 points up at 38,845.38, and the broader Nifty was at 11,671.20 points, up 27.75 points. 

Airtel shares fell 4% due to announcements about Jio

Reliance Industries made a number of announcements at its 42nd general meeting on Monday. Today, when the stock market opened on Tuesday, the effect w...

Gold and silver price Hike

New Delhi. According to All India Bullion Association (AISA), on Saturday, gold of 99.9 percent and 99.5 percent purity rose by Rs 90-90 to Rs 38,420 ...

Centre Plans Risk Allowance For Govt Employees

New Delhi :The government will pay up to Rs 25,000 per month as risk allowance under the 7th Pay Commission, depending on the department and employee'...

ED Raids Residences Of Former Ranbaxy CEO And His Brother

New Delhi :  The Enforcement Directorate (ED) on Thursday conducted raids at the residences of former Ranbaxy CEO Malvinder Singh and his brother...