On Monday, the rupee gained 16 paise.
'The entire explanation of the episode is difficult to digest.'
The fact that Tamil Nadu Chief Minister J Jayalalithaa approved an expenditure of Rs 29 crore for the World Chess Championship between Viswanathan Anand and Norway's Magnus Carlsen to be held here points to the significance the event has for the state government.
Fresh dollar selling by banks and exporters largely helped the home currency to recover from early losses
'It is sad that Kerala had so many Covid patients which is primarily due to the mismanagement of the Left government.' 'The technical committee was full of CPI-M leaders who happen to have medical degrees with no experience in public health.' 'They were advising the CM and we are paying for those mistakes.'
Japan's Asahi Shimbun, an official partner of the Tokyo 2020 Olympics, called for the Summer Games to be cancelled in an editorial
Rupee weakened by 10 paise to end at 66.14 against the dollar due to month-end demand from importers and banks.
The Indian rupee on Monday reacted downwards by 12 paise to log nearly one-week closing low of 63.41 against the Greenback.
The apex court directed Mallya, who is currently in the United Kingdom, to appear before it on July 10 to argue on the quantum of punishment in the matter.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
The Rupee is seen weakening further against the dollar.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
In the national capital, gold of 99.9 and 99.5 per cent purity were up by Rs 150 each to Rs 28,500 and Rs 28,300 per 10 gram respectively.
Sahara Group got other much-needed relief with the apex court lifting its embargo of permitting it to sell only 19 properties.
The rupee largely shrugged off the high volatility in stocks and rebounded sharply towards the fag-end trade following bout of dollar selling by exporters
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Pantech, South Korea's No.3 smartphone maker, has been under a debt-restructuring programme after suffering six consecutive quarters of losses.
Micromax to raise up to $1 bn from global investors.
Exult Inc, a US-based firm that provides human resources services to companies, is setting up a business process outsourcing unit in Mumbai to service overseas clients, a senior official said.
The rupee on Tuesday tumbled by 32 paise to close at 64.17 on fresh dollar demand from importers.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
India's GDP for the three-month period ended September 30 grew 7.4%.
In the wake of Kumble's resignation though, the BCCI had specifically instructed Cricket Club of India (CCI)'s Malhotra to report any incident of discord between Kohli and Kumble when the team was in England.
Forex dealers said weakness in local equities cast a shadow on the rupee. Dollar losing in overseas markets didn't impact the fall of the local currency, they added.
Falling for the fourth day in succession, the rupee today dipped by 23 paise to close at nearly three-week low of 59.38 against the dollar amidst the RBI announcing an SLR cut that is expected to release nearly Rs 40,000 crore into markets.
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
The summons was issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case.
The rupee briefly touched 66.78 in late afternoon trade due to stray dollar buying by some banks.
Moody's said the negative outlook reflected uncertainty over the refinancing of Macrotech's (formerly Lodha Developers) upcoming debt maturities.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.31 per cent at 97.52.
Rajan has a great track record abroad.
In cross-currency trades, the rupee recovered sharply against the pound sterling to finish at 93.13.
What differentiates Rajan from his predecessors is his proactive steps in anticipating a problem and coming up with out-of-the-box solutions
MphasiS BFL Ltd, a mid-sized Indian software service exporter with a fast-growing call centre subsidiary, plans to start its first overseas call centre in Mexico in January, a senior company official said on Friday.
A weakening dollar against other currencies overseas supported the rupee.
The rupee closed marginally stronger against the dollar on Wednesday.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
Sharp rate hike in Russia further raised concerns about the global economy.
The rupee had slumped to its all-time closing low of 68.80 a dollar on August 28, 2013.
The domestic currency spurted by 425 paise or 6.28 per cent in last five straight sessions.
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