Rupee rises 7 paise to close at 82.81 against U.S. dollar
The Hindu
At the interbank foreign exchange market, the rupee opened at 82.71 and witnessed a high of 82.62 and a low of 82.81
The rupee appreciated 7 paise to close at 82.81 (provisional) against the U.S. dollar on October 25, as easing crude oil prices buoyed investor sentiments.
At the interbank foreign exchange market, the local currency opened at 82.71 and witnessed a high of 82.62 and a low of 82.81.
It finally settled at 82.81 against the American currency, registering a rise of 7 paise over its previous close.
In the previous session on October 21, the rupee had slipped 9 paise to close at 82.88 against the dollar.
The Forex market was closed on October 24 on account of Diwali.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was quoted at 111.98.
Global oil benchmark Brent crude futures fell 1.59% to $91.78 per barrel.
Tuhin Kanta Pandey appointed as SEBI Chairperson, focusing on technology, trust, transparency, and teamwork for institution's growth.
Key infrastructure sectors' output grew by 4.6% in January 2025, with coal, steel, and electricity production increasing.
Commerce Minister Piyush Goyal to negotiate bilateral trade agreement with US, aiming to boost commerce and investments.
Tuhin Kanta Pandey borrows from a near four-decade career in public administration that had him serving as a district collector and magistrate of Odisha’s Sambalpur district to being recently made Revenue Secretary in addition to his position as Finance Secretary.
A Cognizant subsidiary took Infosys to court, alleging that the IT major had stolen data from their proprietary software.
Bajaj Auto Ltd. launches Bajaj GoGo electric autos with long range, segment-first features, and trusted reliability for customers.
The U.S. President’s economic and tariff policies and measures to secure his country’s borders may seem justified in terms of promoting his nation’s interests but have wider ramifications not only for Americans themselves, but also for the rest of the world. His tariff proposals will result in supply chain disruptions, lead to market and currency volatility, disrupt capital and trade flows, contribute to inflation and cause a decline in world trade and economic growth, worsening the plight of the poor, especially in developing economies.