Rupee moves in narrow range against US dollar in early trade
The Hindu
The rupee was trading in a narrow range against the US dollar in the morning session on Tuesday, April 25, 2023, amid a weak American currency and a muted trend in domestic equities.
The rupee was trading in a narrow range against the US dollar in the morning session on Tuesday, April 25, 2023, amid a weak American currency and a muted trend in domestic equities.
Forex traders said foreign fund outflows also weighed on the local unit.
At the interbank foreign exchange, the rupee opened at 81.95 against the dollar. It touched a high of 81.86 in initial deals.
The rupee on Monday settled at 81.92 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.33, down 0.02 per cent.
Global oil benchmark Brent crude futures declined 0.01 per cent to USD 82.72 per barrel.
On the domestic equity market front, BSE Sensex was trading 4.41 points or 0.01 per cent lower at 60,051.69 points while the broader NSE Nifty declined 2.40 points or 0.01 per cent to 17,741.00 points.
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.