Rupee slumps 17 paise to 75.16 against U.S. dollar in early trade
The Hindu
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08%
The Indian rupee depreciated 17 paise to 75.16 against the U.S. dollar in opening trade on October 11, as rising crude prices and strength of the American currency in the overseas market weighed on investor sentiments.
At the interbank foreign exchange, the rupee opened on a weak note at 75.11, then fell further to 75.16, registering a decline of 17 paise from the last close.
On October 8, the rupee had settled at 74.99 against the U.S. dollar.
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.
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.