Rupee opens 14 paise higher at 70.42 against US dollar

The domestic unit on Friday spurted by 32 paise to close at a nearly two-month high of 70.56.

1551113287-8629
Market news: The rupee climbed 14 paise to 70.42 against the US dollar in the opening deals on Monday. The domestic unit on Friday spurted by 32 paise to close at a nearly two-month high of 70.56 as crude oil prices receded following reports that Saudi Arabia had agreed on a temporary ceasefire in Yemen.

The local unit notched up gains of 38 paise on a weekly basis.

In the capital markets, after remaining net sellers for the past two months, foreign investors infused a net Rs 7,714 crore into the domestic capital markets in September following a slew of economic reforms by the government. However, FPI inflows into India will also...read more

Comments

Post a Comment

Popular posts from this blog

Give govt time to restore normalcy in J&K as situation 'very sensitive': SC

Image
The MHA confirmed a protest in the Valley reported by some media outlets, but said no bullet was fired Current affairs : The Supreme Court on Tuesday refused to pass any immediate direction to the Centre and the Jammu & Kashmir (J&K) government on a plea seeking lifting of all restrictions imposed after the abrogation of Article 370. A three-judge Bench, headed by Justice Arun Mishra, hearing a petition filed by activist Tehseen Poonawalla, said it will wait for normalcy to return, and take up the matter after two weeks. The Bench said the situation was “very sensitive” and time should be given for bringing back normalcy in the region. Ministry of Home Affairs (MHA) sources said there was no plan of Home Minister Amit Shah visiting Kashmir for a flag-hoisting ceremony on... read more
Read more

MGNREGS can be used to gauge rural distress at grassroots level: Eco Survey

Image
While employment-related National Sample Surveys (NSS) are carried out once in five-six years, district-level GDP is released irregularly Budget 2019 : Demand for work under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) may be used to develop a real-time indicator of distress at the granular district or panchayat level, the Economic Survey 2018-19 said. While employment-related National Sample Surveys (NSS) are carried out once in five-six years, district-level GDP is released irregularly. Distress at the level of a district or panchayat is difficult to identify in real-time using the current datasets, said the survey, tabled by Union Finance Minister Nirmala Sitharaman in Parliament, on Thursday. "The NSSO surveys, though they are available at the household level, are... read more
Read more

No protection to PSU employees from criminal persecution, rules SC

Image
Apex court asks trial court magistrate to try and finish trial against BSNL employees within one year Current affairs : The Supreme Court on Monday held that employees of Public Sector Undertakings (PSUs) are not entitled to protection from criminal protection automatically on account of being a ‘public servant’. In doing so, the apex court overruled Section 197 of the Code of Criminal Procedure (CrPC), which says that prior sanction from a competent officer was mandatory to prosecute a government servant for alleged criminal act done in discharge of his official duty. Dismissing an appeal moved by Bharat Sanchar Nigam Limited (BSNL) against a high court order which had also held that protection of sanction under CrPC was not available to the officers of PSUs, the apex court also said that trial court magistrate should try and complete proceedings in the case within one year. The case dates back to 2003 when a criminal complaint was filed against BSNL for engaging “unregister...
Read more