The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
Four years after entering Formula E racing, Mahindra comes out with a racing car designed for the e-racing circuit. Rajesh Karkera/Rediff.com reports.
The US Federal Reserve on Wednesday (local time) raised interest rates by 75 basis points (bps) or three-quarters of a percentage point in the boldest move since 1994.
Benchmark indices fell over 1 per cent each on Monday in sync with weak global markets and a sharp fall in IT stocks. The BSE benchmark Sensex tanked 861.25 points or 1.46 per cent to settle at 57,972.62. During the day, it tumbled 1,466.4 points or 2.49 per cent to 57,367.47. Similarly, the NSE Nifty fell 246 points or 1.4 per cent to 17,312.90.
The rupee depreciated 31 paise to an all-time low of 80.15 against the US dollar in early trade on Monday tracking the strength of the American currency and firm crude oil prices. At the interbank foreign exchange, the rupee opened at 80.10 against the dollar, then lost ground to quote at 80.15, registering a fall of 31 paise from the last close. On Friday, the rupee closed at 79.84 against the dollar.
Jerome Jayaratne will be Sri Lanka's interim coach for the home series against West Indies beginning next month, the country's cricket board announced.
Equity markets rallied after softer-than-expected inflation data in the US and UK rekindled hopes of the end of the rate-hiking cycle by major central banks. The soft inflation reading drove down bond yields and the US dollar, whetting the appetite for risky assets. The 10-year US bond yield fell below 4.5 per cent after topping 5 per cent less than a month ago.
Investors' wealth fell by Rs 2.39 lakh crore on Monday in line with a weak trend in the global equity markets. The BSE Sensex tanked 861.25 points or 1.46 per cent to settle at 57,972.62. During the day, it tumbled 1,466.4 points or 2.49 per cent to 57,367.47.
Home advantage and the return of Jerome Taylor and Ramnaresh Sarwan have made West Indies a balanced side and a team to beat in the Twenty20 World Cup beginning in Guyana from Friday, captain Chris Gayle said on Wednesday.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign fund outflows and a stronger greenback in overseas markets. At the interbank foreign exchange market, the rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell. Crude oil prices also surged over 1 per cent, which weighed on the rupee.
West Indies pacer Jerome Taylor has bade adieu to Test cricket after a 13-year long international career but will be available for selection in the shorter format of the game.
Germany coach Joachim Loew is confident key centre back Jerome Boateng will be fit for his side's last-16 encounter despite coming off with a calf problem during Tuesday's 1-0 victory over Northern Ireland.
The software, titled '3-D Indiana,' developed by Dr Jerome Kalister, has been referred to the Medical Council of India for tests and approval. Developed by a 20 member-team led by Jerome, the software could help surgeons to perform robotic surgery on the brain, heart and liver pinpointing the precise location of nerves and organ parts.
Germany central defender Jerome Boateng has questioned whether England have enough quality to excel at the European Championship that will commence in France this week.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
The actor gets French recognition at an event on Sunday.
The rupee depreciated 22 paise to a record low of 78.59 against the US dollar in opening trade on Tuesday as persistent foreign funds outflows weighed on investor sentiments. At the interbank foreign exchange, the rupee opened on a weak note at 78.53 against the American dollar, then lost ground to quote at 78.59 -- its all-time low level, registering a fall of 22 paise from the last close. On Monday, the rupee declined by 4 paise to close at its life-time low of 78.37 against the US dollar.
Rediff reader Rajiv Aggarwal shared this list of books he wants everyone to read
West Indies' captain hailed young paceman Jerome Taylor and his side's teamwork for the tense 10-run victory over Australia in Wednesday's Champions Trophy Group A tie.
The Indian equity market is likely to remain under pressure and rangebound over the next few months. This comes as global central banks, led by the US Federal Reserve look at a possibility of hiking rates aggressively to tame inflation. Back home, the Reserve Bank of India, too, remains data dependent in its endeavour to keep inflation in check and pursue an aggressive monetary policy stance.
FIFA's ethics watchdog has recommended a nine-year ban for secretary-general Jerome Valcke over World Cup ticket selling accusations, one of many corruption allegations involving officials at soccer's crisis-plagued governing body.
Germany central defender Jerome Boateng has questioned whether England have enough quality to excel at next month's European Championship. Despite having the world's richest league, England go into the competition in France having not won a major tournament since landing the 1966 World Cup on home soil. "England beat us 3-2 in Berlin (in March) but I do not know if in matters of quality and consistency they have enough for an entire tournament," Boateng told German Railway DB Mobil magazine.
PowerGrid was the top gainer in the Sensex pack, rising around 4 per cent, followed by NTPC, Tata Steel, Bharti Airtel, Sun Pharma and Bajaj Finserv. On the other hand, IndusInd Bank, Asian Paints, Infosys, Bajaj Auto and Maruti fell up to 2.59 per cent.
ITC, Sun Pharma, Maruti, M&M, Tata Motors, HCL Tech, Wipro, Infosys, HUL, Bharti Airtel and Reliance were among the major losers. Kotak Bank rose the most by 1.59 per cent, followed by IndusInd Bank, Bajaj Finance and Bajaj Finserv. L&T, SBI, TCS and HDFC Bank also closed higher.
In what was a thrilling match of end to end action, Germany powered past Ukraine by a 1-0 margin in their Euro 2016 Group C campaign-opening match in Lille on Sunday.
France forward Antoine Griezmann was named player of the tournament on Monday after leading the Euro 2016 hosts to Sunday's final where they lost to Portugal in extra time.
Last week, SLC appointed former first-class cricketer Jerome Jayaratne as the national team manager for the Islanders' upcoming tour of the West Indies.
FIFA's ethics watchdog is investigating ex-president Sepp Blatter and two other former executives on a raft of possible violations including bribery and corruption, the world soccer body said on Friday.
Tennis star Venus Williams said she was heartbroken by the death of a man in a two-car crash in Florida that a police report blamed on her driving, breaking her silence about the fatal accident three weeks after it occurred.
Bajaj Finserv was the top gainer in the Sensex pack, rising over 4 per cent, followed by L&T, HDFC, Axis Bank, SBI, Reliance Industries and IndusInd Bank. NSE Nifty soared 276.30 points to its new closing peak of 17,823.
Mumbai Indians have called up West Indies fast bowler Jerome Taylor to replace the injured Sri Lankan paceman Lasith Malinga for the remainder of the IPL 2016.
'He was a true intellectual of this country: Never claiming to be an expert on anything, or the greatest, he just went ahead and followed his beliefs uncaring of how the world judged him.' Jaya Jaitly pays homage to a dear friend, Wendell Rodricks, designer and trendsetter.
The Euro 2016 has come to an end with Portugal defeating hosts France on Sunday to lift their biggest football title. UEFA, the organising body of European Championships has now revealed the Team of the Tournament for Euro 2016. Four Portugal players, three Germans and two each from France and Wales have made this team, which is selected by a 13-strong panel of technical observers also including legendary Manchester United manager Sir Alex Ferguson.
Germany's main anti-immigrant party triggered outrage on Sunday when its vice-chairman said people would not want German black soccer star Jerome Boateng as their neighbour.
Bayern remained unruffled by the two-month break due to the novel coronavirus pandemic and beat Dortmund last month to overcome the last major obstacle en route to a 29th Bundesliga title since the introduction of the top division in 1963.
The market capitalisation of BSE-listed firms reached an all-time high of Rs 288.50 lakh crore on Wednesday amid an ongoing rally in equities, as the benchmark Sensex settled above 63,000-level for the first time ever. The 30-share BSE barometer climbed 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. During the day, the benchmark jumped 621.17 points or 0.99 per cent to 63,303.01, its lifetime intra-day peak. Extending its winning momentum to seventh day, the Sensex has rallied 1,954.81 points or 3.19 per cent during this time.
The prize money at next year's World Cup finals will be increased by at least a third from that on offer in South Africa in 2010, FIFA general secretary Jerome Valcke said on Tuesday.
