21
Thursday
February 2019
11:31 AM IST
News Headlines
Saudi Arabia increases India''s Haj quota to 2 lakh after Modi-Salman talks        SC collegium transfers high court judges        Security of 18 separatists, 155 political leaders withdrawn        Crown Prince orders release of 850 Indian prisoners from Saudi jails        Putin says Russia to take measures if US deploys missiles        Jadhav''s death sentence based on ''extracted confession'', should be annulled: India tells ICJ        Israel strikes on Gaza arson balloons launchers, no injuries reported        Taylor surpasses Fleming becomes highest ODI scorer for NZ        ICC keeping a close watch on India-Pakistan situation ahead of WC        Vivo unveils V15Pro with Industry-first 32 MP pop-up selfie camera        Tripura gets Rs 85 crore Mega Food Park        India, Saudi Arabia ink MoUs for cooperation in tourism, broadcasting        Bernie Sanders enters 2020 US presidential race : Reports        Sixteen states sue Trump over border wall emergency        Djokovic wins his fourth Laureus World Sportsman of the Year        Pakistan shooters not taking part in New Delhi World Cup        Pulwama attack masterminded by Jaish, ISI: corps commander        Cricketer-turned-politician Kirti Azad joins Congress, calls it ''ghar wapsi''        Salve exposes Pak military courts at ICJ, says judges don''t even need law degree        RBI pays Rs 28,000 cr interim dividend to govt ahead of elections        
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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.


Vivo unveils V15Pro with Industry-first 32 MP pop-up selfie camera
Tripura gets Rs 85 crore Mega Food Park
India, Saudi Arabia ink MoUs for cooperation in tourism, broadcasting
RBI pays Rs 28,000 cr interim dividend to govt ahead of elections
Pak has no official info about India withdrawing MFN status: top trade official
Dollar changes hands in mid-110 yen range in early trade in Tokyo
Pulwama attack: Trade body announces bandh in 18 states on Feb 18
Indian Bank revises interest rate on domestic term deposits
Asia''s largest textile expo from Feb 22
Karnataka government for revial of defunct Falcon Tyres Ltd in Mysuru
HPCL to set up LPG bottling plant in Odisha
A380 Airbus abandons iconic A380 superjumbo, lacking clients
Mills to sell sugar at Rs 31/kg now from Rs 29 earlier: Paswan
IndiGo cancels around 130 flights for Friday
Tata Trusts Managing Trustee R Venkataramanan quits
IndiGo cancels 49 flights on Wednesday
Sensex, Nifty turn cautious ahead of IIP, inflation data releases
Gold futures on weak global cues, profit-booking
Tata Motors to supply electric buses to Lucknow City Transport Services
Govt aims to fetch Rs 5,316 cr through part-sale of Axis Bank stake
KERALA NEWS
Fire breaks out in a QRS showroom
 Kottayam: A major fire broke out in QRS showroom at Thirunnakkara in Kottayam on Monday evening. On  
Flash Hartal in Kerala: Stray incidents of violence reported
Thousands bid emotional farewell to CRPF jawan in Kerala
Religious practices should be respected: Smriti Irani
INTERNATIONAL NEWS
Putin says Russia to take measures if US deploys missiles
 Moscow: Russia does not intend to be the first to place missiles in Europe but will develop its defe
Jadhav''s death sentence based on ''extracted confession'', should be annulled: India tells ICJ
Israel strikes on Gaza arson balloons launchers, no injuries reported
Bernie Sanders enters 2020 US presidential race : Reports
NATIONAL NEWS
Saudi Arabia increases India''s Haj quota to 2 lakh after Modi-Salman talks
 New Delhi: Saudi Arabia on Wednesday increased India''s Haj quota by about 25,000, the third hike in
SC collegium transfers high court judges
Security of 18 separatists, 155 political leaders withdrawn
Cricketer-turned-politician Kirti Azad joins Congress, calls it ''ghar wapsi''
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