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Monday
May 2020
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News Headlines
Need to find a way to outlast Pujara in summer series: Cummins        La Liga can resume week of June 8 - Spanish Prime Minister        Extend loan automatically to all eligible borrowers without fear of 3Cs: FM to banks        Will try to restart international flights before August: Puri        Iran warns US not to interfere with Venezuela oil shipment        Sri Lanka to ease coronavirus restrictions from May 26        Coronavirus cases cross 10,000-mark in Ahmedabad, 24 deaths        Amphan toll rises to 85 in Bengal; protests over electricity, water supply        Prisoners aged above 60 to be released on emergency parole to decongest jail in Delhi        Record jump in COVID-19 cases, 137 more deaths        Bryant items fetch premium prices, Trout card sets record        Baseball players respond to MLB on virus protocols        RBI extends moratorium on loans for another 3 months till Aug        Sensex, Nifty turn choppy; RIL jumps on KKR deal        Quarantine must for domestic air travellers: Kerala govt        At least 57 killed in Pakistan passenger plane crash in Karachi        China introduces new security bill in parliament to tighten controls over Hong Kong        Trump lashes out at scientists whose findings contradict him        COVID-19 death toll climbs to 3,583 in India        Pak troops shell LoC areas in twin sectors of Poonch, Rajouri        
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Business News
Rupee falls 13 paise to 75.59 against US dollar in early trade
 
Mumbai, May 14 (PTI) The rupee depreciated 13 paise to 75.59 against the US dollar in opening trade on Thursday amid strengthening American currency overseas and negative opening of domestic equities.

Forex traders said the local unit opened weak against the greenback tracking losses in some of the major Asian currencies and gains in the US dollar.

Moreover, market participants are concerned about the fiscal deficit concerns of the Rs 20-lakh-crore economic stimulus package as there is still no clarity on how the package would be financed.

The local unit opened at 75.57, then lost further ground and fell to 75.59 against the US dollar, down 13 paise over its previous close.

It had settled at 75.46 against the US dollar on Wednesday.

"US Dollar Index rose against the basket of currencies this Thursday morning after a sober speech from the US Fed chief who warned that the economy would take many months to recover from the coronavirus pandemic," Reliance Securities said in a research note.

Federal Reserve Chairman Jerome Powell on Wednesday warned of a slow economic recovery for the United States.

Moreover, most Asian currencies depreciated against the US Dollar on broad greenback strength and could limit appreciation of the domestic unit, it added.

Domestic bourses were trading on a negative note with the benchmark Sensex falling 626.11 points at 31,382.50 and the broader Nifty slumping 175.20 points to 9,208.35.

Foreign institutional investors were net sellers in the capital market, as they sold equity shares worth Rs 283.43 crore on Wednesday, according to provisional exchange data.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 100.30.

Brent crude futures, the global oil benchmark, rose 0.48 per cent to USD 29.33 per barrel.

In India, the death toll due to COVID-19 rose to 2,549 and the number of cases climbed to 78,003 in the country, according to the Health Ministry.


Extend loan automatically to all eligible borrowers without fear of 3Cs: FM to banks
Will try to restart international flights before August: Puri
RBI extends moratorium on loans for another 3 months till Aug
Sensex, Nifty turn choppy; RIL jumps on KKR deal
Rupee rises 13 paise to 75.67 against US dollar in early trade
Bajaj Auto shares jump 6.50 pc after Q4 earnings
Rupee rises 6 paise to 75.60 against US dollar in early trade
Decide corruption cases in time involving retiring bank, govt officials: CVC
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Decentralisation of cities, devt of far-flung areas can help address migrant workers' woes: Gadkari
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Reliance Industries' Rs 53,000-crore rights issue to kick off on May 20
Investor wealth plunges Rs 1.99 lakh cr as mkts plummet
Kotak Mahindra Bank Q4 profit down 4 pc to Rs 1,952 cr
Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline
Rupee falls 22 paise to 75.95 against US dollar in early trade
Maruti resumes operations at Manesar plant on single shift basis
Warehousing demand in 8 major cities drops 29% in Jan-Mar, new supply down 14%: Report
Reliance fixes May 14 as record date for rights issue
Reliance fixes May 14 as record date for rights issue
KERALA NEWS
Quarantine must for domestic air travellers: Kerala govt
 Thiruvananthapuram: Domestic flyers arriving in Kerala must undergo strict home quarantine as per th  
12 fresh COVID-19 cases in Kerala, total rises to 642
Central financial package lacks public healthcare initiatives: Kerala CM
29 fresh cases in Kerala; Over 67,000 under observation
INTERNATIONAL NEWS
Iran warns US not to interfere with Venezuela oil shipment
 Tehran: Iran's president on Saturday warned the United States not to interfere with a shipment of oi
Sri Lanka to ease coronavirus restrictions from May 26
At least 57 killed in Pakistan passenger plane crash in Karachi
China introduces new security bill in parliament to tighten controls over Hong Kong
NATIONAL NEWS
Coronavirus cases cross 10,000-mark in Ahmedabad, 24 deaths
 Ahmedabad: Coronavirus cases in Ahmedabad crossed the 10,000-mark and rose to 10,001 after 277 new p
Amphan toll rises to 85 in Bengal; protests over electricity, water supply
Prisoners aged above 60 to be released on emergency parole to decongest jail in Delhi
COVID-19 death toll climbs to 3,583 in India
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