Rupee falls 31 paise to 81.89 in early trade
The Hindu
According to forex traders, sustained foreign fund outflows further dented investor sentiments.
The rupee depreciated 31 paise to 81.89 against the US dollar in early trade on Tuesday, January 17, 2023 weighed down by a rebound in American currency and firm crude oil prices.
Sustained foreign fund outflows further dented investor sentiments, forex traders said.
At the interbank foreign exchange, the domestic unit opened weak at 81.79 against the dollar, then fell to 81.89, registering a decline of 31 paise over its last close.
In the previous session on Monday, the rupee settled at 81.58 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 per cent to 102.38.
Brent crude futures, the global oil benchmark, advanced 0.19 per cent to USD 84.62 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 280.06 points or 0.47 per cent higher at 60,373.03. The broader NSE Nifty advanced 44.90 points or 0.25 per cent to 17,939.75.
Silver prices soar past ₹3 lakh-per-kg in futures trade, driven by strong global demand and a weak U.S. dollar.
Stock markets fell early on January 19, 2026, led by declines in Reliance and ICICI Bank amid global uncertainties.
Rupee rises 12 paise to 90.66 against the U.S. dollar amid cautious investor sentiment and foreign fund outflows.
Rising demand for electricity in China has been driven in large part by high-tech industries
Micron said the transaction is expected to close by the second quarter of 2026, subject to regulatory approvals.
China's economy grew 5% in 2025, fueled by strong exports, despite challenges from Trump tariffs and slowing growth in Q4.
Board meeting to appoint Neville Tata as trustee of Sir Ratan Tata Trust cancelled due to lack of quorum.
Industry leaders urge Budget 2026 to reform crypto tax policies, promoting local investment and enhancing regulatory compliance in India.
India's power distribution utilities reported a ₹2,701 crore profit in FY25, reversing years of losses and improving performance indicators.
India prepares for a strong presence at WEF 2026 in Davos, featuring key ministers and top CEOs engaging with global leaders.
Davos prepares for the 2026 World Economic Forum with unprecedented security measures as global leaders gather amidst planned protests.
Mercedes-Benz India CEO advocates for rationalizing customs duties on luxury cars to boost demand and tax revenue in India.
IDBI Bank's Q3 net profit rises slightly to ₹1,935 crore, with total income and interest income declining.