17
Monday
February 2020
6:17 AM IST
News Headlines
China says significant drop in coronavirus cases; death toll climbs to 1,665        Two more Indians test positive for coronavirus on cruise ship off Japan        Agarwal back among runs, Pant too gets some form back        India to play day-night Test in Australia        Chennaiyin FC beat ATK 3-1 to boost play-off hopes        17 people from Delhi who returned from abroad before coronavirus screening showed symptoms, hospitalised        Kejriwal calls ministers-designate for dinner ahead of swearing-in, discusses development roadmap        Shaheen Bagh protesters say ready to meet Shah, but onus on govt to call them for talks        Surendran new Kerala BJP President        France confirms first coronavirus death outside Asia        Making efforts to disembark Indians from cruise ship after quarantine period ends: Indian Embassy        Kerala beat Chattisgarh by nine wickets in C K Nayudu trophy        Ishant passes fitness test, to join Indian team in NZ for Test series        Kerala Blasters register first win over Bengaluru FC in Hero ISL        Smriti Mandhana rises to 4th in ICC T20 rankings        Bopanna-Shapovalov pair enters semifinals in Rotterdam        DoT withdraws order that asked for no coercive action against defaulting telcos        Sensex, Nifty fall for 2nd day as banking, auto stocks slide        Erdogan raises Kashmir in Pak Parliament, says issue close to both countries        Born on a boat: new baby among 87 rescued off Canary Islands        
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Business News
Rupee slips 17 paise to 71.72 vs USD in early trade
 
Mumbai: The rupee opened on a weak note and fell 17 paise to 71.71 against the US dollar in early trade on Thursday amid foreign fund outflows and cautious opening in domestic equities.

At the interbank foreign exchange, the rupee opened weak at 71.65 then fell to 71.72 against the US dollar, showing a decline of 17 paise over its previous closing.

The Indian rupee on Wednesday had closed at 71.55 against the US dollar.

Traders said cautious opening in domestic equities and foreign fund outflows weighed on the local unit, while weakening of the greenback vis-a-vis some currencies overseas and easing crude oil prices added support to the local unit.

Meanwhile, brent crude futures, the global oil benchmark, fell 0.17 per cent to USD 60.20 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 770.81 crore on Wednesday, as per provisional data.

Market regulator Sebi on Wednesday simplified KYC requirements for foreign portfolio investors and permitted them to carry out off-market transfer of securities.

The proposals were cleared by the Sebi's board during its meeting here as part of efforts to simplify and expedite the registration process for foreign portfolio investors (FPIs).

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 98.29.

The 10-year government bond yield was at 6.56 per cent in morning trade.

Domestic bourses opened on a cautious note on Thursday with benchmark indices Sensex trading 149.51 points down at 36,910.86 and Nifty lower by 42.80 points at 10,875.90.

On the global front, Beijing has appealed to the US to 'meet China halfway' and end the tariff war. According to reports a foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along us" and restore "mutually beneficial" trade.


DoT withdraws order that asked for no coercive action against defaulting telcos
Sensex, Nifty fall for 2nd day as banking, auto stocks slide
Sensex rallies over 300 pts ahead of IIP, inflation data releases
ABB India wins orders worth Rs 191 cr
Rupee settles 10 paise higher at 71.30 against USD on easing crude prices, weak dollar
Market falls for second day as coronavirus worries persist
PURE EV to set up second EV scooter unit in Telangana with Rs 100 Cr investment by 2021
Anil Ambani to pay USD 100 mn in conditional order for Chinese banks: UK court
Rupee slips 22 paise to 71.40 against USD on strong dollar demand
Not moving out of Andhra Pradesh, says Kia Motors
Deposit insurance hike: RBI says not to hit banks balance-sheets
Let's work together to make India USD 5-trn economy: PM
Volkswagen opens bookings for two new SUVs
Our target is USD 5 billion of defence export in next five years: Modi
RBI to come out with last monetary policy for FY20 on Thursday
New tax structure gives option to save tax: Revenue Secy
Govt allocates Rs 11,500 cr for Jal Jeevan Mission for FY21
FM proposes to hike customs duty on imported electric vehicles
Rupee rises 25 paise to 71.33 against US dollar
GST collection crosses Rs 1.1 lakh cr in Jan
KERALA NEWS
Surendran new Kerala BJP President
 Thiruvananthapuram: Young firebrand leader K Surendran has been named as the President of BJP Kerala  
Student who tested Positive for coronavirus discharged
CM Assembly Election : Kerala CM congrats Arvind Kejriwal for AAP''s victory
Coronavirus: 15 Kerala students stranded in China's Hubei reach Kochi
INTERNATIONAL NEWS
China says significant drop in coronavirus cases; death toll climbs to 1,665
 Beijing: China on Sunday announced a “significant drop” in coronavirus cases, as the WHO team scramb
Two more Indians test positive for coronavirus on cruise ship off Japan
France confirms first coronavirus death outside Asia
Making efforts to disembark Indians from cruise ship after quarantine period ends: Indian Embassy
NATIONAL NEWS
Kejriwal calls ministers-designate for dinner ahead of swearing-in, discusses development roadmap
 New Delhi: On the eve of his swearing-in as chief minister of Delhi, AAP national convener Arvind Ke
Shaheen Bagh protesters say ready to meet Shah, but onus on govt to call them for talks
SC allows Karti Chidambaram to travel to UK, France
Trump visit: Cong says AMC building wall to mask slum area
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