Business

Rupee weakens 9 paise against dollar

Mumbai, July 13: The rupee depreciated by 9 paise to trade at 63.48 against the dollar due to fresh demand from importers and gains in the American currency against major currencies globally.

At the Interbank Foreign Exchange, the domestic currency weakened by 9 paise in early trade due to fresh demand from importers, dealers said.

Weakness in euro against the dollar as Greek exit looms also weighed on the rupee, they said.

On Friday last, the rupee had closed steady at 63.39 against the dollar as demand matched supply from exporters and banks.

Meanwhile, the benchmark BSE Sensex rose 129.81 points, or 0.46 per cent, to 27,791.21 in early trade, which limited the rupee fall.

WPI inflation eases to 3-month low of 3.58 per cent in Dec

New Delhi: Wholesale price-based inflation fell to a three-month low of 3.58 per cent in December 2017 as food prices softened, prompting the industry...

WB,Kerala, Odisha opt out of Centre's aspirational dist scheme

New Delhi: Three opposition ruled states - West Bengal, Kerala and Odisha -- have opted out of the Centre's Transformation of Aspirational Districts s...

Commerce Min for slashing gold import duty in Budget

New Delhi: The commerce ministry has pitched for reduction in import duty on gold in the forthcoming Budget with an aim to promote gold jewellery expo...

Gold futures up 0.48% on positive global cues

New Delhi:Gold prices firmed up 0.48 per cent to Rs 29,660 per 10 grams in futures trade today on speculative buying following the metal's gains in gl...