Rupee falls 25 paise to 82.46 against U.S. dollar
The Hindu
The rupee depreciated 25 paise to 82.46 against the U.S. dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
The rupee depreciated 25 paise to 82.46 against the U.S. dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened weak at 82.44 against the dollar, then fell to 82.46, registering a decline of 25 paise over its last close.
On Friday, the rupee settled at 82.21 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.48% to 102.99.
Brent crude futures, the global oil benchmark, advanced 5.50% to $84.28 per barrel.
"... Appreciation in rupee shall remain limited to 81.50-81.80 zone where importer can target buying and upside shall for now remain protected towards 82.70-82.90 region for this week," CR Forex Advisors MD-Amit Pabari said.
"With a holiday shortened week, highlights would be the RBI policy due on April 6 and U.S. payrolls due on April 7," Mr. Pabari added.
Air India has signed an agreement with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a built-to-suit facility for the AME program that will feature modern classrooms, well-equipped laboratories for practical training and a team of qualified trainers.
Zepto raises $350 million in largest domestic fundraise in India, backed by leading financial institutions and notable individuals.
Adani Enterprises Ltd stock dips on NSE and BSE after Kenyan project cancellations and U.S. court allegations.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.