Business

Rupee down 5 paise against dollar

Mumbai,July 2: The rupee fell marginally by 5 paise to 63.66 against the US dollar in early trade today due to appreciation of the 

American unit against other currencies overseas on the back of strong US economic data.

Besides, increased demand for the dollar from importers weighed on the local currency, but a higher opening in the domestic equity 

market capped the losses, forex dealers said.

Yesterday, the rupee ended marginally higher by three paise to 63.61 against the US currency on mild selling of dollars by banks and exporters on hopes of foreign capital inflows into equities.

Meanwhile, the benchmark Sensex climbed 95.09 points, or 0.33 per cent, to 28,115.96 in early trade.

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...

Rotomac scam: CBI raids three places, FIR filed

New Delhi: The Central Bureau of Investigation (CBI) has conducted raids at three properties belonging to the Rotomac Pen company's owner in the early...