'What you see is the depiction, not the glorification.'
Forex dealers said strengthening of the euro against the dollar overseas and a higher opening in the domestic equity market also supported the local currency.
The RBI is widely expected to raise its key repo rate by 25 basis points to 8.00 per cent on Wednesday, its third such hike in four months after recent data showed both wholesale and retail inflation at multi-month highs.
With the negative impact of demonetisation waning and the implementation of the GST, 80% of the CEOs surveyed said they were planning to hire more people in 2018
The rupee was also pressured as the euro fell for a second day on Friday, hurt by the European Central Bank's surprise interest rate cut and a downgrade to France's credit rating, while the dollar inched up before a key US jobs report.
At the Interbank Foreign Exchange market, the domestic currency resumed stable at its overnight close of 60.07 a dollar and immediately touched a low of 60.09.
The system has gone through three rounds of testing for its load-bearing capacity.
The rupee got a boost as stock market investors cheered the Reserve Bank's steps. Fresh dollar sales by exporters amid sustained capital inflows also supported the local currency.
In dull trade, the rupee on Monday ended a mere two paise lower at 60.20 against the US dollar on weak local equities and imported-driven demand for the American currency.
However, the hefty initial gains of the rupee, which had jumped to 61.05 intra-day, were substantially erased on month-end demand for US dollars from private oil firms and some defence-related purchases, amid fall in domestic stocks.
Somesh Jha describes the mood at Patiala House courtroom and outside on Thursday during the 2G spectrum case verdict.
The rupee came under pressure on demand from importers as the dollar strengthened overseas.
The members of the victorious inaugural Indian Super League Football Championship Atletico de Kolkata (ATK) were felicitated by West Bengal government.
A Central Bureau of Investigation officer, who was part of the probe team investigating the 2G spectrum scam, on Thursday denied in a Delhi court that A Raja's erstwhile private secretary R K Chandolia was falsely implicated in the case as he had refused to depose against the former telecom minister.
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
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In the global market, the US dollar rose against the basket currencies in early trade as US President Barack Obama called for diplomacy in dealing with alleged chemical weapons attack in Syria but kept open the possibility of military action against the Assad regime.
The rupee resumed higher at 64.40 a dollar from Friday's close of 65.24 and touched a low of 64.54 at the interbank foreign exchange market.
A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
Well, these engineering students race them too.
The local currency opened higher at 61.20 a dollar from the previous close of 61.30 at the Interbank Foreign Exchange Market.
You could be forgiven for thinking that Auto Expo was only about powerful cars and humongous bikes. There was so much else that was happening too, says Rajesh Karkera.
Automobile manufacturers said Euro-VI grade vehicles will not hit the roads before 2020 but the advancement gives them confidence to make investments in manufacturing such vehicles.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
A weak dollar overseas failed to restrict the rupee's decline, a forex dealer said.
The rupee on Tuesday gained 29 paise to close at seven-month high of 60.48 against the dollar on sustained selling of the US currency by exporters and banks.
The rupee had gained 24 paise to close at nearly one-week high of 60.95 against the dollar yesterday following selling of the US currency by exporters and some banks, amid sustained heavy capital inflows.
Tracking local stocks, rupee on Tuesday regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery.
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
'It would be too sweeping to say that the elites and the middle-class don't care about liberty.' 'It is just that they are always calculating the trade-offs: What's in it for me, what could it cost me?' 'To that extent, we haven't changed in 40 years,' says Shekhar Gupta.
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
Bollywood actor Anupam Kher, who has not held back his words when it comes to taking on those who have been protesting on the rising intolerance in the country, has now slammed superstar Aamir Khan for his comments that he too felt that the sense of insecurity and fear had been growing in the past six or eight months.
Bollywood superstar Aamir Khan feels that the sense of insecurity and fear has been growing in the past six or eight months.
The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
A total of 211 companies issued 763 offers to the students in the first phase which is the highest number of placement among any IITs across the country in this year.
India Inc says way forward is for Modi govt to work with other political parties to get bills passed.
India's captains of industry said they were disappointed at the exit of Reserve Bank of India Governor Raghuram Rajan.
'The transactions were done in a circuitous route deliberately and most of the companies involved in it are Reliance ADA group firms.'
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