25
Monday
January 2021
3:52 AM IST
News Headlines
With morale running high, Aizawl FC aim for win over Indian Arrows        England bowl Sri Lanka out for 381 in 2nd test        Coal India says geared up to meet any surge in fuel demand from power sector        Customary 'Halwa Ceremony' kickstarts process of compilation Budget documents        Larry King, broadcasting giant for half-century, dies at 87        UN: Violence in Sudan's Darfur killed 250, displaced 100,000        At 78 and the oldest president, Biden sees a world changed        Delhi Police has given nod to farmers' tractor parade on Jan 26, claim protesting unions        Govt to continue ban on Chinese apps including Tiktok        Rahul Gandhi assures revisiting GST when Cong is voted to power at Centre        Strong India following Netaji's footsteps, from LOC to LAC: PM        Stage set for grand finale of 23rd JK Racing Tyre National Racing Championship        India's track and field athletes to have first shot at Olympics in IGP Series starting Feb 18        Red carpet welcome for Rahane; Siraj heads straight to father's grave        Average flat size increases 10 pc in 2020 across 7 cities to 1,150 sq ft: Report        Rupee gains 6 paise to close near 5-month high of 72.99 vs USD        Experts: 15 more days to reach trapped China mine workers        Global Teacher Prize winner Ranjitsinh Disale hails Biden's education focus        India provides 1 million doses of COVID-19 vaccine to Nepal        SC notice to Centre, others on plea against web series Mirzapur'        
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Business News
Rupee rises 25 paise to 71.33 against US dollar
 
Mumbai: The Indian rupee on Friday appreciated by 25 paise to end at 71.33 against the US dollar on Friday after the Economic Survey 2019-20 predicted bullish growth figures for the next financial year.


Forex traders said market participants are now awaiting cues from the Union Budget. The are also assessing the economic implications of the coronavirus outbreak.

The Economic Survey 2019-20 tabled in Parliament on Friday pegged GDP growth at 6-6.5 per cent in fiscal year starting April 1, up from 5 per cent in current fiscal.

At the interbank foreign exchange market, the local currency opened at 71.46. During the day, the local unit saw a high of 71.28 and a low of 71.52. The domestic unit finally settled at 71.33, up 25 paise from its previous close.

The rupee had settled at 71.58 against the American currency on Thursday.

Forex traders further said easing crude oil prices supported the local unit.

"Brent crude continued to remain under pressure and trades around five month low. Lower crude is supporting Indian rupee to cap its losses against the dollar," said V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities.

Meanwhile, the global crude benchmark Brent futures rose 0.69 per cent to trade at USD 58.69 per barrel.

Crude prices have seen some moderation in the past few sessions over demand slump amid rising coronavirus cases in China and other regions.


Coal India says geared up to meet any surge in fuel demand from power sector
Customary 'Halwa Ceremony' kickstarts process of compilation Budget documents
Average flat size increases 10 pc in 2020 across 7 cities to 1,150 sq ft: Report
Rupee gains 6 paise to close near 5-month high of 72.99 vs USD
LT Foods acquires 30% stake in Netherlands-based organic speciality food firm
Asian shares mostly higher as Biden inauguration approaches
Draw inspiration from people 'who see the cup as half full': Nooyi to Indian students in US
Three UK partners with TCS to accelerate 5G network rollout
3 Adani Group-owned domestic airports accredited in ACI health accreditation programme
WhatsApp delays policy rollout to May 15
Strong startup ecosystem critically important for business: Nisa Godrej
Rupee recovers losses, settles 15 paise higher at 73.25 against US dollar
Big steel, cement firms operating as a cartel; need to place regulator: Gadkari
UP's New Excise Policy aims Rs 6,000 cr excess revenue next fiscal
'India ushering in rapid structural reforms to become USD 5 trn economy by 2025'
India urges WTO members to find permanent solution for public stock holding for food security
GDP estimates: Industries showing signs of recovery, says Niti VC
COVID-hit economy to contract 7.7 pc in 2020-21: Govt estimates
Sensex drops over 100 pts; Nifty slips below 14,100
M-cap of BSE-listed companies zoom to record high of over Rs 191 lakh cr
KERALA NEWS
Fire in luggage van of running train doused in time in Kerala
 Thiruvananthapuram: A fire broke out in a luggage van of a running train in Kerala on Sunday and was  
Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries
5,960 new COVID-19 cases, 27 deaths in Kerala
Kerala transport corporation MD alleges Rs 100-crore scam
INTERNATIONAL NEWS
Larry King, broadcasting giant for half-century, dies at 87
 Los Angeles, Jan 23 (AP) Larry King, the suspenders-sporting everyman whose broadcast interviews wit
UN: Violence in Sudan's Darfur killed 250, displaced 100,000
At 78 and the oldest president, Biden sees a world changed
Experts: 15 more days to reach trapped China mine workers
NATIONAL NEWS
Delhi Police has given nod to farmers' tractor parade on Jan 26, claim protesting unions
 New Delhi, Jan 23 (PTI) The Delhi Police on Saturday gave permission to protesting farmer unions to
Govt to continue ban on Chinese apps including Tiktok
Rahul Gandhi assures revisiting GST when Cong is voted to power at Centre
SC notice to Centre, others on plea against web series Mirzapur'
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