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January 2020
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News Headlines
No right to live in India if you can't accept Vande Mataram: Pratap Sarangi        Impossible to provide proof of religious persecution under CAA: Assam Min Himanta Biswa        Real problem in country is unemployment, not population: Owaisi        Shabana Azmi injured in accident on Mumbai-Pune Expressway        Dhawan hit on rib-cage, won't take field during Australia innings: BCCI        Australian all-rounder Mitchell Marsh eyes return to national side        India, Iran should work to expedite Chabahar Port development, connectivity to Afghanistan: Zarif        Forex reserves rise by USD 58 mn to record high of USD 461.21 bn        Putin's, Xi's ruler-for-life moves pose challenges to West        Ukraine PM offers to resign after leaked recording        Top Iran leader: Trump is a 'clown' who will betray Iranians        Don't do politics over Nirbhaya case: Kejriwal to BJP        Will probe Digvijaya's phone-tapping claims: Maha minister        Owaisi hits out at Bipin Rawat on "de-radicalisation" comments        Owaisi hits out at Bipin Rawat on "de-radicalisation" comments        Nirbhaya case: Delhi court issues fresh death warrants against 4 convicts for Feb 1, 6 am        Mithali demoted to Grade B in BCCI central contracts        Ponkratov heads Chennai Open chess tournament field        India, US in advance-stage talks to resolve trade issues: Goyal        Gadkari urges states to come forward in the drive for curbing accidents        
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Business News
Rupee recovers from day''s lows, settles 20 paise higher at 70.87
 
Mumbai: The Indian rupee recovered from the day''s lows and settled higher by 20 paise at 70.87 to the US dollar on Thursday, helped by weakening of the greenback overseas and easing crude oil prices. However, sustained foreign fund outflows and sell-offs in domestic equities put pressure on the forex market, somewhat capping the rupee gains.

At the interbank foreign exchange market, the rupee opened weaker at 71.22 a dollar. It fell further to the day''s low of 71.35, before recouping losses to touch a high of 70.86. The local unit finally settled at 70.87, up 20 paise against its previous close. The Indian rupee on Tuesday had closed at 71.07 against the US dollar. Forex market was closed on Wednesday on account of Mahatma Gandhi Jayanti. "Indian rupee has recovered from morning lows of 71.35 a dollar and last quoted at 70.93 a dollar with the gain of 15 paise amid foreign fund flows in Primary market and lower dollar index," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

Sharma further noted that "ongoing IPO, IRCTC has received good response from Institutions. Asian currencies are trading higher following weaker economic data". The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed 77.91 times so far on the final day of bidding on Thursday. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 810.72 crore on Thursday, exchange data showed. Brent futures, the global oil benchmark, dropped 0.28 per cent to USD 57.53 per barrel. The dollar index, which gauges the greenback''s strength against a basket of six currencies, fell 0.07 per cent to 98.95. The 10-year government bond yield was at 6.61 per cent on Thursday.

"India''s bonds advance for a third day amid bets the central bank will cut interest rates when it meets Friday. A decline in U S Treasury yields is also supporting sentiment," Sharma said. Experts believe the Reserve Bank of India is likely to go for yet another rate cut at the fourth bi-monthly monetary policy for 2019-20 on Friday. On the domestic market front, the 30-share BSE Sensex swung between a high of 38,310.93 and a low of 37,957.56, before settling at 38,106.87, showing a decline of 198.54 points or 0.52 per cent. Likewise, the 50-share NSE Nifty closed down by 46.80 points or 0.41 per cent at 11,313.10.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.9109 and for rupee/euro at 77.1752. The reference rate for rupee/British pound was fixed at 87.0554 and for rupee/100 Japanese yen at 65.49.


India, Iran should work to expedite Chabahar Port development, connectivity to Afghanistan: Zarif
Forex reserves rise by USD 58 mn to record high of USD 461.21 bn
India, US in advance-stage talks to resolve trade issues: Goyal
Gadkari urges states to come forward in the drive for curbing accidents
IndusInd Bank down 5.44 pc to Rs 1400.60
Rupee up by 7 paise against USD
CCI directs probe against Amazon, Flipkart
Panic stricken depositors mill around bank after RBI caps withdrawal limit
US removes currency manipulator label on China ahead of inking of trade deal
Flipkart opens two warehouses in Haryana, to create over 5,000 local jobs
Rupee cuts short 5-day gaining streak; edges down 1 paise to 70.87 against dollar
Rupee extends gains by 8 paise to 70.86 against US dollar
Centre to set up panel to examine issues on royalty rates for major minerals
Tata Motors global sales dip 3 pc dip to 97,348 units in Dec
Huawei exec can be extradited to US, Canada attorney general says
Sebi brings new system audit norms for exchanges, clearing corporations
Oil PSU unions oppose BPCL disinvestment
''Rumours'' of Air India''s shutdown baseless: CMD
Smartphone sales buck slowdown on strong urban, rural demand
Sensex jumps over 11 pts; Nifty above 12,250
KERALA NEWS
Kerala govt will continue fight against CAA: Minister
 Thiruvananthapuram: A day after it moved the Supreme Court against the controversial Citizenship Ame  
Sabarimala all set for Makaravilakku; Heavy security at Ayyappa shrine
Nigerian arrested for duping Keralite couple
Police book BJP workers for raising provocative slogans
INTERNATIONAL NEWS
Putin's, Xi's ruler-for-life moves pose challenges to West
 Moscow: Russia's Vladimir Putin and China's Xi Jinping have established themselves as the world's mo
Ukraine PM offers to resign after leaked recording
Top Iran leader: Trump is a 'clown' who will betray Iranians
Musharraf approaches Pak SC to suspend death sentence ruling by special court in high treason case
NATIONAL NEWS
No right to live in India if you can't accept Vande Mataram: Pratap Sarangi
 Surat (Gujarat) [India], Jan 19 (ANI): Accusing Congress of spreading misinformation about the Citiz
Impossible to provide proof of religious persecution under CAA: Assam Min Himanta Biswa
Real problem in country is unemployment, not population: Owaisi
Don't do politics over Nirbhaya case: Kejriwal to BJP
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