22
Friday
November 2019
3:43 PM IST
News Headlines
Assembly Speaker censures four Congress MLAs for climbing on dais        Students, parents stage protest over death of girl due to snakebite in classroom        Mahinda Rajapaksa takes PM office for third time        Israel''s Netanyahu charged in corruption cases        All eyes on Shami as India in throes of making yet another cricketing history with pink ball D/N Test against Bangladesh        India Women claim 5-0 T20 series sweep over West Indies        Three Rafale jets handed over to IAF by France: Govt        Normalcy has been restored in J&K: Shah        Cabinet approves strategic disinvestment of CPSEs        Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns        Nawaz Sharif meets medical experts for check-up in London        Germany crush Northern Ireland 6-1 in Euro 2020 qualifiers        Bring Ashwin back in limited overs cricket: Harbhajan        T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family        Rajini, Haasan hint at joining hands for TN''s welfare        Opposition leader visits injured MLA at Medical College Hospital in Kerala        Helmets must for two-wheeler riders, pillions from Dec 1 : HC        Ailing former Pak PM Nawaz Sharif leaves for London for treatment        Swedish prosecutor drops Assange rape probe        Newly-elected Lankan President to visit India on Nov 29        
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Business News
Rupee settles 21 paise higher at 69.15 to US dollar
 
Mumbai: The Indian rupee Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities.

At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day. It finally settled at 69.15, up 21 paise against its previous close of 69.36.

Forex dealers said a positive sentiment built up ahead of a scheduled meeting at G20 between US President Donald Trump and his Chinese counterpart Xi Jinping, later this week.

Meanwhile, US Treasury Secretary Steven Mnuchin's comments eased concern over the trade impasse with China to some extent.

Besides, traders said, gains in domestic equities, foreign fund inflows and latest news on monsoon progress also helped in reviving domestic currency market sentiment.

However, rising crude oil prices and strengthening of the US dollar vis-a-vis other major currencies overseas capped the gains for the rupee.

Brent crude futures, the global oil benchmark, rose 1.38 per cent to USD 65.95 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 96.24.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.3398 and for rupee/euro at 79.0525. The reference rate for rupee/British pound was fixed at 88.4161 and for rupee/100 Japanese yen at 64.81.

V K Sharma, Head-PCG & Capital Market Strategy, HDFC securities, said, "For last two days, overseas investors have been pouring money in domestic equity and debt markets also helped rupee to remain strong during Wednesday's trade."

"Statement released by US Treasury Secretary Steven Mnuchin saying that 'US-China trade deal is 90 per cent complete', has improved the sentiment in emerging market currencies," he said.

Meanwhile, the 10-year government bond yield was at 6.93 per cent on Wednesday.



Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,157.87 crore Tuesday, provisional data showed.

On domestic bourses, the BSE benchmark Sensex settled 157.14 points, or 0.40 per cent, higher at 39,592.08. The broader NSE Nifty too rose 51.10 points, or 0.43 per cent, to finish at 11,847.55.


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KERALA NEWS
Assembly Speaker censures four Congress MLAs for climbing on dais
 Thiruvananthapuram: Kerala Assembly Speaker P Sreeramakrishnan on Thursday censured four Opposition  
Opposition leader visits injured MLA at Medical College Hospital in Kerala
Sabarimala temple opens for 2-month long pilgrimage season
Kerala: Mixed response to SC Sabarimala verdict
INTERNATIONAL NEWS
Mahinda Rajapaksa takes PM office for third time
 Colombo: Former president Mahinda Rajapaksa assumed the office of prime minister for the third time
Israel''s Netanyahu charged in corruption cases
Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns
Nawaz Sharif meets medical experts for check-up in London
NATIONAL NEWS
Normalcy has been restored in J&K: Shah
 New Delhi: Asserting that the normalcy has been restored in Jammu and Kashmir, Home Minister Amit Sh
Cabinet approves strategic disinvestment of CPSEs
T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family
Rajini, Haasan hint at joining hands for TN''s welfare
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