Rupee strengthens 38 paise against US dollar

Continuing its recovery, the rupee strengthened 38 paise to 73.74 against the US dollar in early trade today in the forex market after global crude prices eased. The rupee after hitting a record low of 74.50 yesterday recovered 9 paise to end at 74.12 against the dollar.  The BSE benchmark Sensex rebounded 377 points to
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At the stock markets, the Sensex at the Bombay Stock Exchange gained more than 400 points in late morning trade today. The 30-share index was trading 417 points up at 34,717, when reports last came in.The Nifty at the National Stock Exchange rose by 133 points to 10,434. At the foreign exchange market, the rupee
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The Center and Asian Development Bank, ADB, have signed a 110 million dollar loan agreement for the upgradation of 2,800 kilometers all-weather rural roads in Madhya Pradesh.  The loan is a part of 500 million dollar Second Rural Connectivity Investment Program, Tranche 2, approved by the ADB Board December last year, under the Prime Minister’s
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Finance Minister Arun Jaitley today said that there are some more steps on the anvil to narrow the current account deficit and bolster forex inflows. He also said that there are huge avenues for Indian economy Growth in the next 10-20 years. Speaking at a summit in New Delhi, Mr Jaitley said that most currencies
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IMF study says gender diversity is likely to boost productivity growth including in countries like India. The Research Paper said the women bring new skills to the workplace. In the paper, IMF said the progress has been made in increasing female labour force participation in the past two decades  The paper asserted that gender diversity
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India and Russia on October 5, 2018 signed a USD 5.43 billion deal for India to procure the S-400 Triumf missile system from Russia.  The deal was signed following the 19th India-Russia Annual Bilateral Summit between Prime Minister Narendra Modi and Russian President Vladimir Putin and other delegates. Russian President Vladimir Putin is on a
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TheReserve Bank of India today maintained status quo and maintained the key policyrepo rate at 6.50 percent. Repo rate is the rate at which banks borrowshort-term funding requirement from the central bank. Thesix-member monetary policy committee headed by Governor Urjit Patel opted totake a pause after hiking the rates in its last two successive policymeetings. 
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The provisional gross collections of Direct Tax up to September this year is higher than the collections for the corresponding period of last year. It is 16.7 per cent higher at 5.47 lakh crore rupees.  Finance Ministry, in a release, today said the refunds amounting to 1.03 lakh crore rupees have been issued during April
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The government on Thursday has decided to cut Rs 2.50 per litre on both petrol and diesel.    Out of this, the oil marketing companies will absorb one rupee per litre.    Addressing a press conference in New Delhi, Finance Minister Arun Jaitley said the government has allowed oil companies to raise 10 billion dollars
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State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000.  There is no change in the daily withdrawal limits on other cards.  The new limit will be effective from October 31st this year.  A senior bank official said that bank has been receiving many
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