Rupee slips 4 paise to 68.79 vs USD in early trade
Business | Jul 30, 2019, 11:13 AM ISTThe rupee had settled at 68.75 against the US dollar on Monday.
The rupee had settled at 68.75 against the US dollar on Monday.
There is an "enormous potential" for growth in the India-US relationship, the Trump administration has said, exuding confidence that the ongoing trade negotiations could be worked through because of the friendship between the two nations.
The rupee rebounded 25 paise to 68.33 against the US dollar in early trade on Thursday, in tandem with other emerging market currencies after Federal Reserve chief Jerome Powell bolstered expectations of a rate cut later this month.
The order follows a probe conducted by Sebi between April 2014 and September 2015 after it observed that 81.38 percent of all the trades executed in stock options segment of the bourse were non-genuine trades.
The rupee appreciated by 16 paise to 68.79 against the US dollar in opening trade Wednesday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets.
Shinzo Abe stressed the importance of global leaders overcoming their differences and joining hands in tackling difficult issues to send a strong message to the rest of the world.
"We've our interests and US have their own, sometimes they converge and sometimes they don't. Diplomacy is about finding a common ground on these interests,” said S Jaishankar.
NIA carried out searched at 12 locations in Bihar and Uttar Pradesh in connection with the investigation of case Munger Arms Case 2, the infamous case of illegal weapon manufacturing.
"California almond exports to India are worth more than USD 650 million a year. The president must stop damaging trade relations with our allies," Senator Feinstein said.
Last year, the US imposed duties on steel and aluminium from India following which a retaliation was deferred until now.
At the Interbank Foreign Exchange, the rupee opened on at 69.33 then fell to 69.38 against the US dollar, showing a decline of 4 paise over its previous closing.
The rupee had settled at 69.44 against the US dollar Tuesday.
Kochi-based Synthite Industries 46,000 sqm facility at Wucheng county in Dezhou in Shandong province was inaugurated by Indian Ambassador to China Vikram Misri along with local Chinese government officials.
Markets regulator Sebi has slapped a total fine of Rs 42 lakh on 14 individuals for executing fraudulent trade in shares of Kushal Tradelink Ltd (KTL). The 14 individuals were fined Rs 3 lakh each, totalling Rs 42 lakh, according to a Sebi order.
The US and China are locked in a bitter, year-long trade dispute which has seen the Trump administration recently boost tariffs on USD 250 billion of Chinese goods.
The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.
Before his meeting with Abe, Trump also said that he was willing to talk to Iran to ease the ongoing tensions between the two nations while highlighting the mediation role Japan could play in the process.
India's services exports rose by 6.6 per cent to USD 17.94 billion in March, according to the data released by the Reserve Bank Wednesday.
The Securities and Exchange Board of India (Sebi) after observing large scale reversal of trades in stock options segment of the bourse conducted an investigation between April 2014 and September 2015.
The 12 entities making it to the list include four companies with locations in both China and Hong Kong, and a further two Chinese, one Pakistani and five Emirati persons, the Department of Commerce said.
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