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Home  Business

Business

Rupee opens 2 paise higher at 83.95 against US dollar

Rupee opens 2 paise higher at 83.95 against US dollar

  • Hyderabad: Jubilee Hills nets ultra-luxury home deals worth Rs 80 crore by mid-year

    Anarock’s report reveals that a total of 25 ultra-luxury homes were sold across major Indian cities, including Mumbai, Hyderabad, Gurugram, and Bengaluru, during January-August.
  • Rupee gains 2 paise, hits 83.96 against US dollar

    The dollar index, measuring the greenback's strength against six major currencies, fell 0.14% to 101.67. Meanwhile, Brent crude, the global oil benchmark, dropped 0.62% to 73.29 in futures trading.
  • Sensex, Nifty tumble in early trade amid global market weakness

    The 30-share BSE Sensex plunged 721.75 points to 81,833.69 following a weak start to trading. The NSE Nifty dropped 196.05 points to 25,083.80. Among the 30 Sensex companies, JSW Steel, Infosys, Larsen & Toubro, State Bank of India, Tata Steel, Mahindra & Mahindra, Bharti Airtel, and Axis Bank were the major decliners.
  • Digital Bharat Nidhi: First set of rules under Telecom Act takes effect

    Union Minister Jyotiraditya Scindia says that new rules are a reflection of the government's commitment to ensure equal access to telecom services
  • India poised to become global AI hub, says tech futurist Stephen Ibaraki

    Canada-based global thought leader says India needs to leverage its vast talent pool, establish AI-focused centres of excellence
  • Air India merger: Vistara’s final flight scheduled for November 11

    Thereafter, Vistara aircraft will be operated by Air India and bookings for the routes operated by these planes will be redirected to Air India's website
  • Sensex, Nifty hit fresh all-time high levels in early trade

    The 30-share BSE Sensex jumped 502.42 points to hit a fresh all-time high of 82,637.03 in early trade
  • Rupee gains 9 paise to 83.88 against US dollar in early trade

    Forex traders noted that the market is awaiting the US GDP and Personal Consumption Expenditure (PCE) inflation data. These data points are crucial as they could influence the Federal Reserve's decision on whether to implement a 25 or 50 basis point rate cut at its September meeting.
  • Markets decline in early deals; trade marginally higher later

    The 30-share BSE Sensex fell by 102.78 points to 81,682.78 in early trade, while the NSE Nifty dropped 34.85 points to 25,017.50. However, both indices later recovered, with the Sensex trading up 64.07 points at 81,846.33 and the Nifty up 17.40 points at 25,070.15.
  • PhonePe rolls out PG Bolt to revolutionise in-app payments, know how it works

    It offers 1-second transaction time with widest reach for registered PhonePe merchants and users who can integrate their payments across apps without multiple onboarding
  • Rs 11,000 cr worth shares sold in IndiGo block deal; Rakesh Gangwal likely seller

    Nearly 6% stake in InterGlobe Aviation, parent company of IndiGo, exchanged hands during morning trade
  • Apple’s global revenues to surpass $400 billion for first time this year

    Following a decline in 2023, Apple's hardware revenues are projected to grow by 3% year-on-year in 2024, according to Counterpoint Research. This growth is expected to be driven by all major hardware segments, including the iPhone, iPad, Mac, Watch, and AirPods, with new launches playing a key role. AirPods may become the fastest-growing segment this year.
  • Rupee drops 2 paise to 83.95 against US dollar in early trade

    Forex traders noted that, from a macroeconomic perspective, the rupee's downside seems well-contained, with the 84 level serving as critical support, likely due to anticipated RBI intervention to curb further depreciation. At the interbank foreign exchange market, the rupee opened at 83.94, then weakened slightly to 83.95, marking a 2 paise loss from its previous close.
  • Markets flat amid profit-taking and weak asian trends

    The 30-share BSE Sensex rose 128.81 points to 81,840.57 in early trading, while the NSE Nifty gained 30.4 points to 25,048.15. However, both indices soon experienced profit-taking and moved lower, with the BSE benchmark down 42.46 points at 81,682.57 and the Nifty down 21.60 points at 24,996.15.
  • Apple appoints Indian-origin Kevan Parekh as its new Chief Financial Officer

    His sharp intellect, wise judgment, and financial brilliance make him the perfect choice to be Apple's next CFO, says company CEO
  • It’s Glowtime: Apple all set to launch iPhone 16 series on September 9

    The tech giant will launch the new line-up along with other gadgets including new AirPods 4, Watch Series 10 and software services
  • Hyderabad sees significant surge in residential property price over 5 years; Kokapet tops list with 89 pc increase

    In 2019, the average price in Kokapet was Rs 4,750 per sq. ft., which surged to Rs 9,000 per sq. ft. by the first half of 2024
  • Telegram reacts to its CEO’s arrest, says Pavel Durov has nothing to hide

    Says Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving
  • Cognizant sues Infosys for stealing trade secrets related to healthcare insurance software

    Infosys denies all allegations, says it will defend its position in court
  • Amazon India cuts selling fees by up to 12% for festive season

    The fee reductions, effective from September 9, will allow sellers to expand their product range on the platform and encourage growth, Amazon India stated. "With these changes, sellers on Amazon India will see a decrease in selling fees ranging from 3% to 12% across different product categories," the company said.
  • Anil Ambani-led group stocks plummet after Sebi ban

    Stock of Reliance Home Finance Ltd falls 5.12% to Rs 4.45 on NSE and 4.90% to Rs 4.46 on BSE
  • Sebi bans Anil Ambani from securities market, slaps Rs 25 cr penalty

    Also bars 24 other entities, including former key officials of Reliance Home Finance for five years for diversion of funds from company
  • Markets trim early gains, trade lower amid weak global trend

    Market analysts are anticipating insights from US Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Symposium. The 30-share BSE Sensex opened 37.32 points, or 0.05%, higher at 81,090.51, while the NSE Nifty rose by 18.25 points to 24,829.75.
  • Rupee appreciates 5 paise to 83.88 against USD on Friday morning

    Forex traders noted that the recent drop in oil prices, now around USD 77 per barrel, is a major boost for the rupee due to India's high oil import costs. In the interbank foreign exchange market, the rupee opened at 83.93, strengthened to 83.88, marking a 5 paise increase from its previous close.
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