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Rupee extends gains, settles 13 paise higher at 86.40 against US dollar

January 15, 2025
Finance

Mumbai, Jan 15 (PTI) The rupee extended its recovery for the second straight session and settled with a gain of 13 paise at 86.40 (provisional) against the US dollar on Wednesday, tracking favourable cues from domestic equity markets and softening crude oil prices. The American currency index also descended from a record peak, adding to the gaining momentum in the local unit, though it remained under pressure from continuous exit of foreign institutional investors, forex traders said. At the interbank foreign exchange, the rupee opened at 86.50 and slipped to the intraday low of 86.55 against the greenback. It also

India’s exports contract 1% to USD 38.01 bn in Dec; trade deficit narrows to USD 22 bn

January 15, 2025
Finance

New Delhi, Jan 15 (PTI) India’s exports in December 2024 contracted for the second month in a row by about one per cent year-on-year to USD 38.01 billion due to global uncertainties, while the trade deficit narrowed to USD 21.94 billion. According to the commerce ministry data, imports rose by about 5 per cent year-on-year to USD 59.95 billion in December. Cumulatively, during April-December this fiscal, exports recorded a growth of 1.6 per cent to USD 321.71 billion and imports by 5.15 per cent to USD 532.48 billion. Trade deficit, the difference between imports and exports, during April-December widened to

UPSC cheating case: Supreme Court protects Puja Khedkar from arrest till Feb 14

January 15, 2025
Corruption

New Delhi, Jan 15 (PTI) The Supreme Court on Wednesday protected from arrest till February 14 former IAS probationer Puja Khedkar, accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination. A bench of Justices B V Nagarathna and Satish Chandra Sharma issued notice to the Delhi government and the Union Public Service Commission (UPSC) on Khedkar’s plea seeking anticipatory bail. “Issue notice returnable on February 14, 2025. Till next date of hearing, no coercive steps to be taken against petitioner,” directed the bench. During the hearing, senior advocate Siddharth Luthra, appearing for Khedkar,

Election rules row: Supreme Court seeks Centre, poll panel reply on Jairam Ramesh’s plea

January 15, 2025
Politics

New Delhi, Jan 15 (PTI) The Supreme Court on Wednesday sought responses from the Centre and the poll panel on Congress general secretary Jairam Ramesh’s plea against the recent amendments, including no public access to CCTV, to the 1961 election rules. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar took note of the submissions of senior advocates Kapil Sibal and Abhishek Manu Singhvi, appearing for Ramesh, and issued notices on the plea. The bench said it would hear the plea in the week commencing March 17. Singhvi said amendments to the 1961 Conduct of Election Rules were

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