Rupee rises 5 paise to 79.82 against U.S. dollar in early trade
The Hindu
At the interbank foreign exchange, the rupee opened at 79.84 against the dollar
The rupee appreciated 5 paise to 79.82 against the U.S. dollar in early trade on September 5 in line with a positive trend in domestic equities.
Forex traders said the rupee is trading in a narrow range as the strengthening of the American currency in the overseas market and rising crude oil prices are weighing on investor sentiment.
At the interbank foreign exchange, the rupee opened at 79.84 against the dollar and touched 79.82 in initial deals, registering a gain of 5 paise over the last close.
On Friday, the rupee closed at 79.87 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.39% to 109.95.
Global oil benchmark Brent crude futures jumped 1.96% to $94.84 per barrel.
On the domestic equity front, the 30-share Sensex was trading 129.41 points or 0.22% higher at 58,932.74 points, while the broader NSE Nifty advanced 44.35 points or 0.25% to 17,583.80 points.
India may be able to develop its own high-end computing chipset, known as GPUs, in the next 3-5 years, Union Minister Ashwini Vaishnaw said.
DeepSeek has computer code that could send some user login information to a Chinese state-owned telecommunications company, say researchers.
Workday is cutting about 1,750 jobs, or 8.5% of its workforce as it focuses on AI.
Reliance Industries, ITC, and other major companies announce significant investments in West Bengal at BGBS 2025.
The Union Budget seems to have got many things right
LIC receives ₹105.42 crore GST demand notice for seven years, no material impact on operations.
Stock markets close lower as investors turn cautious ahead of RBI's monetary policy decision amid trade war concerns.
India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs, according to a document and two sources.
Rupee hits all-time low against dollar amid global trade war concerns, RBI rate cut expectations, and weak services sector.
Zomato CEO Deepinder Goyal clarifies controversial hiring process, with 30 candidates selected from 18,000 applications.
Bombay High Court to hear Skoda Auto Volkswagen India's plea challenging $1.4 billion tax demand on February 17.
Gold demand in India rose 5% in 2024 to 802.8 tonnes, with 2025 consumption expected between 700-800 tonnes.
India's services sector growth slows in January, but remains above 50; new export business rebounds, job creation accelerates.