Rupee rises 9 paise against US dollar in early trade
The Hindu
The Hindu updates on Rupee vs dollar rates
The rupee appreciated 9 paise to 83.06 against the US dollar in early trade on Monday, January 8, 2024, on the back of positive domestic equity markets and inflow of foreign fund.
However, forex traders said a strong American currency and volatile crude oil prices weighed on the domestic currency.
At the interbank foreign exchange, the domestic currency opened at 83.09, touched the level of 83.04 before trading at 83.06 against the greenback in initial deals, registering a rise of 9 paise from its previous close.
On Friday, the domestic currency settled at 83.15 against the dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.09 per cent higher at 102.22 on Monday.
Brent crude futures, the global oil benchmark, declined 1.12 per cent to USD 77.88 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 73.62 points or 0.10 per cent higher at 72,099.77. The broader NSE Nifty advanced 25.85 points or 0.12 per cent to 21,736.65.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
APCC president criticizes Centre for unfair budget allocations, highlighting discrimination against Andhra Pradesh by PM Modi.
Congress criticizes government's inadequate steps for gig workers, calling for national legal and social security framework.
Volkswagen challenges India's $1.4 billion tax demand, citing compliance with import rules and investment risks.
Union Finance Minister Nirmala Sitharaman defends Indian rupee stability against U.S. dollar, citing strong macroeconomic fundamentals amid criticism.
Finance Minister Nirmala Sitharaman addresses middle class concerns in Union Budget, with PM Modi's support for tax cuts.
Opposition in Maharashtra criticizes Union Budget as 'Bihar budget', while ruling party hails it as revolutionary for rural India.
Rajasthan CM praises 2025-26 Union Budget for balanced development, while Congress criticizes neglect of state projects and issues.
Madhya Pradesh CM praises Union Budget 2025 for special provisions for poor, women, youth, farmers, start-ups, innovation, and AI.
Odisha Chief Minister praises historic Union Budget benefiting all sections of society, while former CM criticizes lack of job focus.
Union Finance Minister Nirmala Sitharaman announces ₹20,000 crore for employment generation scheme, with mixed reactions from trade unions.
Chief Minister Revanth Reddy meets Ministers to discuss Union Budget discrimination, MLAs' dinner meeting, and State development funds.
The Budget attempts to revive growth by stimulating aggregate demand in the economy, with a crucial role assigned to the industrial sector
Union Budget 2025 receives mixed reviews from business leaders, highlighting infrastructure, technology, and income tax reforms.
Budget 2025 aims to revamp shipbuilding with financial assistance, infrastructure status for large ships, and incentives for shipbreaking.
Budget 2047 aims for 7.5% GDP growth, focusing on inclusive growth through agriculture, MSMEs, investment, and exports.
Finance Minister Nirmala Sitharaman announces raising FDI limit in insurance sector to 100%, attracting global investments and fostering innovation.
At a time when the MGNREGS, the flagship rural employment programme, is running on a deficit of ₹9,754 crore, there has been no hike in fund allocation in the 2025-26 Budget.
India scraps 2.5% duty on smartphone components to boost exports, with industry welcoming the move for cost competitiveness.