Rupee rises 28 paise to 79.25 against U.S. dollar in early trade
The Hindu
On Monday, the rupee rose 4 paise to close at 79.53 against the American currency
The rupee appreciated 28 paise to 79.25 against the U.S. dollar in opening trade on Tuesday, tracking the dollar's decline versus its major peers and foreign fund inflows.
At the interbank foreign exchange, the domestic unit opened at 79.30 against the dollar, then touched 79.25 in initial deals, registering a gain of 28 paise over its previous close.
On Monday, the rupee rose 4 paise to close at 79.53 against the American currency.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12% to 108.20.
Brent crude futures, the global oil benchmark, fell 0.21% to $93.80 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 292.69 points or 0.49% up at 60,407.82. Similarly, the broader NSE Nifty rose 93.25 points or 0.52% to 18,029.60.
Foreign Institutional Investors (FIIs) were net buyers in the capital markets, as they purchased shares worth ₹2,049.65 crore on Monday, according to provisional data.
China's economy grew 5% in 2025, fueled by strong exports, despite challenges from Trump tariffs and slowing growth in Q4.
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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.
HDFC Bank Ltd., India’s largest private sector bank, reported 11.5% growth in net profit for the quarter ended 31 December 2026 at ₹18,654 crore compared with ₹16,735.5 crore a year ago.
When Union Minister for Road Transport and Highways, Nitin Gadkari, recently spoke about the transformative potential of Vehicle-to-Vehicle (V2V), a technology for autonomous driving in India, he framed it as a critical lever for safer roads, smarter traffic management and future-ready mobility. That vision is already finding concrete expression inside Samsung Electronics-owned HARMAN Automotive’s India operations, which are emerging as a global hub for software-defined and connected vehicle technologies, says Krishna Kumar, Managing Director and Automotive Head, HARMAN India.
Instituting production-linked incentive (PLI) schemes to curtail import dependency on critical components in the longer-term, and rationalising import duties for support in the short term, forms the core of the wind energy producers’ wish list in the upcoming Union Budget.
ICICI Bank Ltd., the second largest private sector bank, for the third quarter ended 31 December 2025 reported 4% drop in net profit to ₹11,318 crore as compared to ₹ 11,792 crore in the year ago period on account of making additional standard asset provision of ₹1,283 crore during the quarter as per direction of the Reserve Bank of India (RBI).
HDFC Bank's Q3 profit rises 12% to ₹19,807 crore, driven by increased net interest and non-interest income.