Rupee falls 25 paise to 82.46 against U.S. dollar
The Hindu
The rupee depreciated 25 paise to 82.46 against the U.S. dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
The rupee depreciated 25 paise to 82.46 against the U.S. dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
At the interbank foreign exchange, the domestic unit opened weak at 82.44 against the dollar, then fell to 82.46, registering a decline of 25 paise over its last close.
On Friday, the rupee settled at 82.21 against the dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.48% to 102.99.
Brent crude futures, the global oil benchmark, advanced 5.50% to $84.28 per barrel.
"... Appreciation in rupee shall remain limited to 81.50-81.80 zone where importer can target buying and upside shall for now remain protected towards 82.70-82.90 region for this week," CR Forex Advisors MD-Amit Pabari said.
"With a holiday shortened week, highlights would be the RBI policy due on April 6 and U.S. payrolls due on April 7," Mr. Pabari added.
As India’s solar energy capacity continues to accelerate, the domestic industry is seeking an enhanced Production-linked incentive scheme, second instalment of PM-Kusum and viability gap funding to accelerate potential for energy storage, in the upcoming Union Budget.
HCL Tech, a Noida-based tech firm promoted by Shiv Nadar, on Monday posted third-quarter net profit of ₹4,076 crore, a 11% decline from ₹4,591 crore it reported a year earlier.
Public sector banks appeal against a stay on fraud classification proceedings against Anil Ambani, citing legal flaws in interim relief.
Sensex rebounds 300 points after five-day decline, driven by bargain hunting amid geopolitical tensions and foreign fund outflows.
BSE warns investors about a fraudulent deepfake video of its CEO offering unauthorized stock recommendations on social media.
Rupee recovers 2 paise to close at 90.16 against the dollar amid improved market sentiment and trade deal discussions.
Maruti Suzuki approves ₹35,000 crore second plant in Gujarat, aiming for 10 lakh units annually by FY29.
Gold and silver futures soar to record highs amid U.S. Fed probe and escalating geopolitical tensions, driving investors to safe havens.
OpenAI and SoftBank Group will invest $500 million each in SB Energy to expand data centre and power infrastructure for their Stargate initiative
Sensex drops 455 points amid foreign fund outflows and trade concerns, reflecting a cautious market sentiment.
Elon Musk’s X Corp sued 18 major music publishers and a leading U.S. music industry trade association on Friday
Four banks, Bank of Baroda, RBL Bank, Yes Bank, and State Bank of India, challenge RBI's decision to disclose NPAs and defaulters' list under RTI, citing potential harm to commercial interests.
Adani Group plans a ₹1.5 lakh crore investment in Kutch, focusing on renewable energy, ports, and logistics over five years.