Rupee slumps 24 paise to 73.66 against US dollar in early trade
The Hindu
The central bank kept its key policy repo rate unchanged at 4 per cent, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery
The Indian rupee slumped 24 paise to 73.66 against the US dollar in opening trade on Wednesday, after the Reserve Bank of India maintained status quo on policy rates for the fifth time in a row. The central bank kept its key policy repo rate unchanged at 4 per cent, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery. At the interbank forex market, the domestic unit opened at 73.52 against the US dollar, then fell further to 73.66, registering a fall of 24 paise over its previous close.
Union Minister Ashwini Vaishnaw launches three initiatives to enhance India's creative economy through AI training, citizen platforms, and advanced tech access.
Two Indian-flagged LPG tankers approach the Strait of Hormuz, navigating safely amidst regional tensions to reach Indian ports.
Gold and silver prices plummet over 7% due to West Asia tensions, inflation fears, and a stronger dollar.
Asian shares fall as rising oil prices and escalating Iran conflict diminish hopes for U.S. interest rate cuts.
Japan's SoftBank Group said Saturday it plans to build a huge new gas-fired power plant in the US state of Ohio
Silver prices plunge 9% to ₹2.06 lakh per kg in futures trade amid weak global cues and rising macroeconomic pressures.
OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge
Global equity markets plummet as West Asia tensions rise and oil prices surge, triggering significant investor anxiety.
The rupee hits a record low of 93.94 against the dollar amid foreign fund outflows and a crashing equity market.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.