18
Sunday
August 2019
7:14 AM IST
News Headlines
Deepa Malik joins Bajrang for Khel Ratna, cricketer Jadeja among 19 for Arjuna        Mary Kom recuses herself from Saturday's sports award meeting        Trump says Apple will spend 'vast sums' in US        Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park        Modi arrives in Bhutan on two-day visit        Hong Kong protest tensions heat up in Australia        Separatists vacate key offices in Yemen's Aden: Minister        Fire at AIIMS, 22 fire tenders rushed        Soldier killed in Pak firing along LoC in J-K's Rajouri        Jaitley on life support; Nitish, Piyush Goyal and others visit AIIMS        Ravi Shastri reappointed head coach of Indian team till 2021        Archer strikes as Australia slump to 80-4 in second Ashes Test        Hong Kong protests: Trump urges Xi to meet pro-democracy demonstrators        Myanmar, Bangladesh schedule Rohingya repatriation        2 Israelis, Palestinian assailant hurt in West Bank car ramming: army        Sensex, Nifty edge higher on stimulus talks; post weekly loss        Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki        Airtel shareholders approve waiver in recovery of excess pay to Mittal        Kashmir remains shut for 12th consecutive day        We would like to give little time: SC on plea seeking removal of restrictions on media in J-K        
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Business News
Rupee slips 12 paise to 70.93 vs USD in early trade
 
Mumbai: The rupee opened on a weak note and fell 12 paise to 70.93 against the US dollar in early trade on Wednesday ahead of the outcome of Reserve Bank of India's monetary policy review meet.

Forex traders besides RBI's monetary policy review outcome, unabated foreign fund outflows and cautious opening in domestic equity market also weighed on the local unit.

At the Interbank Foreign Exchange, the rupee opened weak at 70.92 then fell to 70.93 against the US dollar, showing a decline of 12 paise over its previous closing.

The Indian rupee on Tuesday had closed at 70.81 against the US dollar.

Traders said weakening of the greenback vis-a-vis other currencies overseas and easing crude oil prices added support to the local unit.

Meanwhile, brent crude futures, the global oil benchmark, fell 0.10 per cent to USD 58.88 per barrel, as US-China trade dispute rattled investor sentiments.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 2,107.93 crore on Tuesday, as per provisional data.

Domestic bourses opened on a cautious note on Monday with benchmark indices Sensex trading 69.12 points down at 36,907.73 and Nifty lower by 27.10 points at 10,921.15.

Meanwhile, on the global front investors fretted as dispute between tow of the world's largest economies intensified over tariffs and currency.

China has meanwhile reported to have said that it is halting new purchases of US agricultural products after President Trump vowed last week to impose new tariffs on Chinese goods starting in September.


Trump says Apple will spend 'vast sums' in US
Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park
Sensex, Nifty edge higher on stimulus talks; post weekly loss
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Gaana looking to break-even in next 4-5 years
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
Sensex tanks over 418 points amid Kashmir uncertainty
Law which allowed circulation of Rs 1000 notes in 1999 scrapped
JM Financial arm to raise up to Rs 500 cr
RBI imposes Rs 50 lakh fine on SBI
Trump warns China of substantial increase in import tariffs
RBI imposes Rs 11 cr fine on seven PSBs for violating norms
NTPC chief for setting up of clean power projects without PPAs
Gold prices up marginally; silver tumbles by Rs 590 per kg
D K Mohanty assumes charge as RINL's director
JSPL supplies 1.26 LT rails to Indian Railways
Fiscal deficit touches Rs 4.32 lakh crore in Q1
CBI books Rolls Royce in corruption case
RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms
KERALA NEWS
Flood in Kerala: CM conducts aerial survey
 Kochi: Kerala Chief Minister Pinarayi Vijayan along with his ministers and government officials carr  
Kerala rains: Toll climbs to 88, 40 still missing
Red Alert in Alappuzha, Ernakulam and Idukki
Singer Biju Narayanan's wife passes away
INTERNATIONAL NEWS
Modi arrives in Bhutan on two-day visit
 Paro: Prime Minister Narendra Modi received a red-carpet welcome as he arrived in Bhutan on Saturday
Hong Kong protest tensions heat up in Australia
Separatists vacate key offices in Yemen's Aden: Minister
Hong Kong protests: Trump urges Xi to meet pro-democracy demonstrators
NATIONAL NEWS
Fire at AIIMS, 22 fire tenders rushed
 New Delhi: A fire broke out at the AIIMS here on Saturday evening and 22 fire tenders were rushed to
Soldier killed in Pak firing along LoC in J-K's Rajouri
Kashmir remains shut for 12th consecutive day
We would like to give little time: SC on plea seeking removal of restrictions on media in J-K
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