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Rupee loses 10 paise against dollar in opening trade
Posted on 8th February 2018
Mumbai: The rupee depreciated 10 paise to 64.38 against the US dollar in opening trade on Thursday due to increased demand for the US currency from importers amid fresh foreign funds outflow.

However, a weak dollar in global markets helped the rupee limit its losses, dealers said.

The rupee opened weak at 64.38 at the interbank forex market against its previous close of 64.28.

The rupee moved in range of 64.29 to 64.38 in early deals before trading at 64.33, down by 5 paise, at 0930hrs.

Foreign investors pulled out a net Rs 1,022.50 crore from stocks on Wednesday.

On Wednesday, the rupee had lost 4 paise versus the dollar to end at 64.28 after RBI sounded a more hawkish tone amid upside risks on inflation.

Meanwhile, the benchmark Sensex rose 167.73 points, or 0.49 per cent, to 34,250.44 in early trade.


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An executive of state-owned Indian Oil Corporation on Tuesday said the company was hoping to raise at least $300 million under the new working capital norms within 20 days from now.

IOC had last week said it would invest Rs 54.63 billion in setting up a city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.


#MeToo: Women journalists demand M J Akbar's dismissal, write to President
Posted on 16th October 2018
A panel of female journalists has written to President Ram Nath Kovind demanding the dismissal of Union Minister M.J. Akbar who has been accused of sexual harassment by a dozen women in the wake of the #MeToo movement.

We are extremely concerned that he continues to be a minister in the Union council of ministers even as he pursues whatever legal course of action he plans.


ICICI Bank gets RBI clearance to appoint Sandeep Bakhshi as its MD and CEO
Posted on 16th October 2018
Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years.

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Rupee weakens 9 paise to 73.92 against US dollar in early trade
Posted on 16th October 2018
The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.


Good news: Pink Line Delhi Metro to open by Diwali
Posted on 16th October 2018
The Delhi Metro's Pink line will be opened by Diwali, according to various media reports. Pink line for Shiv Vihar-Trilokpuri Metro was scheduled to be opened in August as per a previous plan but then the deadline got extended.

Pink Line Metro will ease connectivity between North East Delhi and South Delhi by connecting Shiv Vihar and Lajpat Nagar.


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