17
Saturday
November 2018
2:45 PM IST
News Headlines
India in Australia: Kohli promises to not start arguments, only finish them        At Least Two Killed, Eight Injured In Blast In Karachi        Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report        'Gaja' crosses coast, rainfall pounds TN, 22 dead        Sabarimala board to move SC, buy time to implement order        Sabarimala board to move SC, buy time to implement order        Sindhu crashes out; Srikanth, Sameer enter quarterfinals of Hong Kong Open        No more chopping and changing till World Cup: Ravi Shastri        Air India eyes Rs 800 cr from sale of over 70 properties        Intel India opens design house costing Rs 1,100 cr at B'luru        US, China see rival visions for entwined Asia-Pacific region        Imran Khan to visit Malaysia next week; likely to seek monetary aid        EC removes Mizoram chief electoral officer after protests        Lankesh murder accused sent to SIT custody in Pansare case        Agri sector needs long-term solutions, loan waiver temporary: Naidu        Top India, China officials hold defence, security dialogue, agree to step up military exchanges        Jailed Om Prakash Chautala Expels Older Son For "Anti-Party Activities"        ISRO Launches Communication Satellite, Has 'Geo-Eye' To Monitor India        US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya        Sri Lankan Parliament passes no-trust vote against Rajapaksa        
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Business News
Rupee declines 11 paise to close at 73.27 against US dollar
 
Mumbai, Oct 25 (PTI) The rupee depreciated by 11 paise to close at 73.27 against the US dollar Thursday due to steady capital outflows and sharp decline in domestic equities amid intensifying geopolitical tensions.

Dealers said a spurt in dollar demand from importers and hardening yields in the US markets weighed on the domestic currency.

Foreign investors pulled out around Rs 1,495.71 crore on a net basis from capital markets Thursday with stocks declining 1 per cent in line with global sell-off. FPIs had pulled out Rs 2,046.54 crore on net basis Wednesday.

However, easing crude oil prices restricted the fall in the local currency, dealers said.

Oil prices fell over fears of possible drop in oil demand after a melt down in global equities. Brent crude prices were trading at USD 76.71 per barrel.

At the Interbank Foreign Exchange, the rupee opened on a lower note at 73.33 and dipped further to hit an intra-day low of 73.37 against the US dollar.

But the local unit gained some ground and finally settled for the day at 73.27, showing a loss of 11 paise over the previous close.

On Wednesday, the rupee strengthened by 41 paise to close at more than three-week high of 73.16 against the US currency.

Unabated capital outflows by foreign funds, and heavy selling in domestic equities dampened the sentiment, dealers said.

The benchmark BSE Sensex slumped about 344 points Thursday to settle at 33,690.09, while, the broader NSE Nifty closed below the 10,200-mark by slumping 99.85 points, or 0.98 per cent at 10,124.905.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 73.2746 and for rupee/euro at 83.6478. The reference rate for rupee/British pound was fixed at 94.6190 and for rupee/100 Japanese yen was 65.33.

Meanwhile, bond markets were almost flat on easing crude oil prices. Yield of the benchmark 10-year government security was almost steady at 7.869 against 7.87 Wednesday. The yield of 6.84 government security maturing in 2022 eased by 1 basis point to 7.72.


Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report
Air India eyes Rs 800 cr from sale of over 70 properties
Intel India opens design house costing Rs 1,100 cr at B'luru
Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
Gold rises in futures trade; up 0.54% on global cues
Mistry announces startup fund on 2nd anniversary of his ouster
BSE gets Sebi's nod to launch Oman crude oil contract
Sensex cracks 34,000-mark, Nifty below 10,200 on weak global cues
Petrol pumps in Delhi on strike demanding VAT cut
RBI likely to stay on hold for rest of FY'19 : Report
Japan introduces Artificial Intelligence technology to ease business
Reliance Industries posts net profit of Rs 9516cr in Q2
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent  
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
INTERNATIONAL NEWS
At Least Two Killed, Eight Injured In Blast In Karachi
 (KARACHI, Nov17, 2018): A bomb killed at least two people and wounded eight others in Pakista
US, China see rival visions for entwined Asia-Pacific region
Imran Khan to visit Malaysia next week; likely to seek monetary aid
US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya
NATIONAL NEWS
'Gaja' crosses coast, rainfall pounds TN, 22 dead
 (Chennai, Nov17, 2018): Cyclone Gaja ripped through Nagapattinam early Friday uprooting trees
EC removes Mizoram chief electoral officer after protests
Lankesh murder accused sent to SIT custody in Pansare case
Agri sector needs long-term solutions, loan waiver temporary: Naidu
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