Rupee Firms Up By 14 Paise Against US Dollar: 5 Things To Know
- The rupee opened at 73.33 to quote 14 paise higher over its previous closing.
- Weakness in the dollar against a few currencies overseas and easing crude prices gave some support to the domestic currency, forex dealers were quoted as saying in the PTI report.
- Oil prices dipped as sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. Front-month Brent crude oil futures were at $77.56 a barrel at 0430 GMT or 10 am IST, 6 cents below their last close, reported news agency Reuters.
- Domestic stock markets trading in the green also supported the rupee sentiment. At 10:43 am, the 30-share Sensex traded at 33,518.42, up 169.11 points, or 0.51 per cent, while the 50-scrip Nifty was at 10,084, with a gain of 54 points, or 0.54 per cent.
- On Friday, foreign portfolio investors sold while domestic institutional investors bought net equities of Rs. 1,356.66 crore and Rs. 1,875.89 crore respectively, showed provisional NSE data. (With agencies inputs)
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
