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The rupee appreciated 20 paise to 69.75 against the US currency in opening trade Monday amid weakening of the American unit and positive opening in the domestic equity market. Forex traders said weakening of the US dollar against some currencies overseas aided the local unit. Meanwhile, the dollar index, […]
The Reserve Bank of India is exploring the possibility of mobile phone-based solution to help visually-impaired people easily identify the currency notes. Currently, intaglio printing-based identification marks are present in the banknotes of Rs 100 and above for helping the visually challenged. About 80 lakh people in the country are […]
Government has doubled the export incentives for onionfarmers from existing 5 per cent to 10 per cent. In a release, Agriculture Ministry said, this will result inbetter price for Onion in domestic markets. At present the Onion arrivals haveincreased in the market due to which the prices in the Mandis […]
Public sector banks have approved more than 1.12 lakh loan applications of MSMEs worth of 37,412 crore rupees under the ’59 minutes’ loan scheme launched by the government last month. GST-registered Micro, Small and Medium Enterprises (MSMEs) can take loan up to one crore in just 59 minutes through ‘psbloansin59minutes.com’ […]
After gyrating nearly 700 points Wednesday, benchmark equity indices reversed initial losses and ended higher driven by a rebound in banking stocks amid firming trend in the US market. The BSE Sensex broke its three-day falling streak by ending 179.79 points, or 0.51 per cent, higher at 35,649.94. […]
The rupee gained 19 paise against the US dollar Wednesday to trade at 69.95 after increased selling of the US currency by exporters and banks. However, a lower opening of the domestic equity markets capped the rise, dealers said. At the Interbank Foreign Exchange, the rupee opened on a […]
The Reserve Bank of India (RBI) will soon introduce a new Rs 20 currency note with additional features, according to a document of the central bank. The central bank has already issued new look currency notes in the denominations of Rs 10, Rs 50, Rs 100, and Rs […]
NGold prices fell by Rs 210 to Rs 31,850 per 10 gram at the bullion market Wednesday owing to tepid demand from local jewellers even as the precious metal firmed up overseas. Silver too weakened by Rs 435 to Rs 37,880 per kg due to reduced offtake by consuming industrial […]
uThe rupee appreciated 37 paise to 71.19 against the US dollar in early trade at the interbank foreign exchange Tuesday after crude prices fell to a 14-month low level in international market The rise in the rupee was also supported by dollar-selling by exporters and banks and the US unit’s […]
M Breaking its five-day winning streak, the benchmark BSE Sensex fell 141 points in early trade Tuesday, as banking, IT, realty and FMCG stocks retreated, tracking sell-off in global market. The 30-share index dropped 140.51 points, or 0.40 per cent, to 36,129.56 points in opening trade. The gauge had rallied over […]
