19
Wednesday
June 2019
4:43 AM IST
News Headlines
2 terrorists, 1 jawan killed in Anantnag encounter        Two workers killed in Kerala as earth caves in        Bhuvneshwar ruled out of next 2-3 games due to hamstring niggle: Kohli        Shakib 124, Liton 94 guide Bangladesh to 7 wicket victory over WI        Facebook to unveil new cryptocurrency        Sensex drops over 150 pts; Nifty below 11,800        Hong Kong police clear streets as protesters move to park        Argentina, Uruguay restore power after massive blackout        Hong Kong activist Joshua Wong walks free, calls on leader to resign        Don't bother about numbers, your every word is valuable: PM to Oppn        Kejriwal seeks action against cops for thrashing driver        Amarinder seeks Shah's intervention in streetfight between cops and driver in Delhi        WB doctors agree to call off strike during meeting with Mamata        Kerala Congress (M): Jose K Mani elected as Chairman        Cyclone Vayu to recurve towards Gujarat and weaken gradually        Joseph terms Jose K Mani''s election unconstitutional, says ''crowd'' can''t elect chairman        Heatwave claims 61 lives in Bihar        With eyes on 2022, Priyanka to step up UP tours, meet Cong workers twice a week        Hong Kong leader apologises as massive rally chokes city        Gunmen on motorcycles kill 34 villagers in Nigeria: Police        
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Business News
Rupee firms up by 26 paise against US dollar on easing crude prices
 
(Mumbai, Jan25, 2019): The Indian rupee Thursday furthered gains by 26 paise to close at 71.07 against the US dollar as softer crude prices and gains in domestic equities bolstered forex market sentiments. Besides, stronger Asian currencies against US dollar propped up the Indian unit. The domestic currency has gathered 37 paise in the two straight sessions of gains.

At the Interbank Foreign Exchange, the rupee opened stronger at 71.29 a dollar against the previous close of 71.33. The local unit moved in a range of 71.30 to 71.06 during the session before finally ending at 71.07, a gain of 26 paise over its last close.

On Wednesday, the rupee had snapped its three-day losing streak and settled higher by 11 paise against the US dollar. "Indian rupee and stocks gained on hope of improvement in US-China trade talks, scheduled on January 30-31.

The fall in crude oil and stronger Asian currencies against US dollar bode well for rupee," V K Sharma, Head PCG and Capital Market Strategy, HDFC Securities, said. Brent crude, the global benchmark, was trading at USD 60.67 per barrel, lower by 0.77 per cent. Benchmark stock indices Sensex and Nifty reversed their two-day losing spell.

The 30-share index close the day 86.63 points, or 0.24 per cent, higher at 36,195.10. The 50-share NSE Nifty also moved up by 18.30 points, or 0.17 per cent, to 10,849.80. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 775.82 crore, and domestic institutional investors (DIIs) purchased shares worth Rs 583.77 crore Wednesday, provisional data showed.

The dollar index, which gauges the greenback''s strength against a basket of six currencies, rose 0.33 per cent to 96.44. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.2820 and for rupee/euro at 81.1113. The reference rate for rupee/British pound was fixed at 93.1456 and for rupee/100 Japanese yen at 64.97.


Facebook to unveil new cryptocurrency
Sensex drops over 150 pts; Nifty below 11,800
India ad spend likely to be Rs 697 billion in 2019: Report
UK court rejects Nirav Modi''s bail for fourth time over fears he would abscond
Bring down corporate tax to 18 pc sans exemptions: CII
Jet Airways shares plunge nearly 11 pc
Fiat Chrysler in talks with Aurora on autonomous vehicles
Facebook stops Huawei from pre-installing apps on phones
Rupee rises 31 paise to 69.39 vs USD in early trade
Bajaj Auto sales rise 3 pc in May to 4.19 lakh units
RBI policy, macro data key for markets in holiday-shortened week: Analysts
Six of top-10 firms add Rs 99,994 cr in m-cap; TCS leads
Mahindra sales 3 pc to 45,421 units in May
Toyota Kirloskar sales down 6% at 13,066 units in May
Sitharaman: India's first woman FM; looks to steer economy out of slowdown
Rupee sees high volatility post allocation of key portfolios
Sensex drops over 200 pts; Nifty below 11,900
G20 countries eye tax policy for internet giants: Nikkei
Sensex, Nifty resume record run on F&O expiry
Sensex sheds 248 pts; banking stocks drag
KERALA NEWS
Two workers killed in Kerala as earth caves in
 Kozhikode: Two people were killed Tuesday when a mound of earth caved in on them at a laterite quarr  
Joseph terms Jose K Mani''s election unconstitutional, says ''crowd'' can''t elect chairman
Seven sustain burn injuries as bus catches fire in road accident
Rahul renews attack on BJP, Modi during ''thanksgiving'' visit to Wayanad
INTERNATIONAL NEWS
Hong Kong police clear streets as protesters move to park
 Hong Kong: Protesters in Hong Kong left the streets, averting possible clashes Monday after haggling
Argentina, Uruguay restore power after massive blackout
Hong Kong activist Joshua Wong walks free, calls on leader to resign
Hong Kong leader apologises as massive rally chokes city
NATIONAL NEWS
2 terrorists, 1 jawan killed in Anantnag encounter
 Srinagar: Two terrorists were killed in a gunbattle in Anantnag district of Jammu and Kashmir Tuesda
Don't bother about numbers, your every word is valuable: PM to Oppn
Kejriwal seeks action against cops for thrashing driver
Amarinder seeks Shah's intervention in streetfight between cops and driver in Delhi
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