Mumbai: The rupee rose 2 paise to 83.96 against the US dollar in early trade on Friday amid a weakening greenback. However, a rise in crude oil prices and constant FII outflows capped further gains in the domestic unit, according to forex traders. A weak start to the day in the domestic equity markets also … Read more
Mumbai: The rupee rose 2 paise to 83.97 against the US dollar in early trade on Monday, aided by a weaker greenback in the international market and a drop in crude oil prices. The increase in the country’s forex reserves to a new all-time high of USD 704.88 billion on Friday further pushed the domestic … Read more
New Delhi: The government on Friday scrapped a minimum price threshold for onion exports with a view to enhancing the income of Indian farmers. The government had previously fixed a USD 550 per tonne as the minimum export price (MEP), which essentially meant that farmers could not sell their produce overseas at lower than this … Read more
New Delhi: Billionaire Gautam Adani-led group’s power transmission unit has raised USD 1 billion through a share sale, the first public equity raise by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value. Adani Energy Solutions Ltd raised the funds through a qualified institutional placement (QIP) issue, sources with direct … Read more
New Delhi: iPhone maker Apple is believed to be the biggest beneficiary of a 5 per cent reduction in import duty on mobile phones and the move could lead to savings of as much as USD 35 to 50 million for the tech titan, market experts said on Tuesday. Industry watchers also believe that the … Read more
Ramallah: The Indian government has released the first tranche of USD 2.5 million to the United Nations Relief and Works Agency for Palestinian Refugees in the Near East (UNRWA) as part of its annual contribution of USD 5 million for the year 2024-25, the Representative Office of India here said on Monday. The UNRWA, which … Read more
Mumbai: The rupee opened on a flat note against the US dollar in early trade on Tuesday, weighed down by a muted trend in domestic equities and the strength of the American currency in overseas markets. Forex traders said the US dollar strengthened due to increased demand from oil importers and stronger-than-expected economic data from … Read more
New Delhi: Air India has apologised and offered a travel voucher of USD 350 each to the passengers of the San Francisco flight that took off from the national capital after a delay of more than 30 hours. There were 199 passengers in the flight, according to a source. After a delay of over 30 … Read more
Mumbai: The rupee appreciated 5 paise to 83.24 against the US dollar in early trade on Friday boosted by robust sentiment in domestic equity markets and a downward trend in the crude oil prices overseas. Forex traders said, however, strong American currency and unabated outflow of foreign capital weighed on the local unit. Also, they … Read more
Rupee finally settled at 83.50 (provisional), higher by one paisa from its previous close. | Photo Credit: Reuters The Rupee inched up one paisa to settle at 83.50 (provisional) against the U.S. dollar on May 15 as the American currency retreated from its elevated level. However, sustained foreign fund outflows and a weak trend in … Read more
