15
Thursday
November 2018
2:59 AM IST
News Headlines
India to host Italy on grass in Kolkata        It won't be easy for Mary Kom, says High Performance Director Nieva        Sensex rebounds 332 pts on easing crude, rupee gains        Govt mulls second round of 2,500 MW medium-term PPA auction        UK says Brexit deal 'almost within touching distance'        Trump criticises Macron again over European defence remarks        Infiltration bid foiled by Army in J&K, two terrorists killed        Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities        Flipkart Group CEO Binny Bansal quits over 'serious personal misconduct' charges        Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        
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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.


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Reliance Industries posts net profit of Rs 9516cr in Q2
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
Will cause third World War if I join politics: Indra Nooyi
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
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Balabhaskar's wife Lakshmi shifted to ICU
INTERNATIONAL NEWS
UK says Brexit deal 'almost within touching distance'
 London, Nov 13 (AP) Britain and the European Union are "almost within touching distance" of a Brexit
Trump criticises Macron again over European defence remarks
175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
NATIONAL NEWS
Infiltration bid foiled by Army in J&K, two terrorists killed
 Srinagar, Nov 13 (PTI) Two unidentified terrorists were killed Tuesday when the Army foiled an infil
Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
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