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Rupee slumps 35 paise to settle at all-time low of 93.88 against US dollar

Mumbai, Mar 24 (PTI) The rupee dropped 35 paise to 93.88 (provisional) against the US dollar on Tuesday as a strengthening greenback against major crosses and elevated global crude prices spooked investors. Foreign fund outflows amid uncertainties over the West Asia crisis further weighed on the local unit, forex traders said. At the interbank foreign exchange, the local unit opened at 93.66 against the greenback and remained volatile throughout the session. It eventually settled at 93.88 (provisional), down 35 paise from its previous close. The rupee breached the 94-level against the US dollar for the first time on Monday, before

Investors take Rs 48.29 lakh cr hit in wealth amid West Asia war; Sensex plunges 10.5 pc

New Delhi, Mar 23 (PTI) Investors’ wealth has eroded by a whopping Rs 48.29 lakh crore since the start of the West Asia war on February 28, sending shock waves across global markets and driving the BSE Sensex lower by 10.56 per cent. Since the conflict began, the BSE benchmark Sensex has tumbled 8,590.8 points or 10.56 per cent, and the NSE Nifty lost 2,666 points or 10.58 per cent. The market capitalisation of BSE-listed companies eroded by Rs 48.29 lakh crore (Rs 48,29,041.45 crore) to Rs 415 lakh crore (Rs 4,15,21,629.82 crore) since then. The US and Israel launched

Iran pours missiles into Israel and mocks Trump’s talk of joint control of strait

WASHINGTON/JERUSALEM/TEL AVIV, March 24 (Reuters) – Iran launched waves of missiles at Israel on Tuesday, the Israeli military said, a day after U.S. President Donald Trump said there had ​been “very good and productive” talks aiming at halting the conflict raging across the Middle East. Three senior Israeli officials, speaking on condition of anonymity, said Trump appeared determined to reach a deal, ‌but that they thought it highly unlikely that Iran would agree to U.S. demands in any new round of negotiations. After Trump’s Truth Social comment on Monday, Iran said no talks had yet been held. Iran’s embassy in

Oppn slams govt for ‘giving up’ strategic autonomy to US; NDA hails steps for all-around development

New Delhi, Mar 24 (PTI) The Opposition on Tuesday accused the government of giving up its strategic autonomy to the United States, while the ruling alliance hailed the steps taken for the all-around development of the country and its people. Participating in the debate on the Finance Bill 2026 in Lok Sabha, Congress MP Manish Tewari claimed there has been an exodus of foreign direct investment (FDI) and foreign portfolio investment (FPI) from the country, and the economy is not kicking off. There has been a massive fall in the rupee, with no steps taken to check its drop, he

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