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Rupee falls 9 paise to record low of 90.87 against US dollar in early trade

Mumbai, Dec 16 (PTI) The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal. However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders. At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade. The rupee

Stock markets decline in early trade dragged by foreign fund outflows, weak global trends

Mumbai, Dec 16 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Tuesday as persistent foreign fund outflows and weak global market trends dented investors’ sentiment. The 30-share BSE Sensex declined 363.92 points to 84,849.44 during initial trade. The 50-share NSE Nifty dropped 106.65 points to 25,920.65. From the Sensex firms, Eternal, Axis Bank, HCL Tech, Infosys, Tata Steel, and Bharat Electronics were among the major laggards. However, Bharti Airtel, Asian Paints, Tata Motors Passenger Vehicles, and Titan were among the gainers. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index, and Hong

Affront to non-Hindi speaking people: Chidambaram slams use of Hindi words in bills’ names

New Delhi, Dec 16 (PTI) Congress leader P Chidambaram has slammed the “increasing practice” of the government using Hindi words in the titles of the bills and said the change is an “affront” to the non-Hindi-speaking people. Chidambaram said the non-Hindi-speaking people cannot identify a Bill/Act with titles that are in Hindi words written in English letters, and they cannot pronounce them. “I am opposed to the increasing practice of the government using Hindi words written in English letters in the title of the Bills to be introduced in Parliament,” the former Union minister said late Monday night. Hitherto, the

PM degree defamation case: Gujarat court rejects Kejriwal, Sanjay Singh’s plea for separate trial

Ahmedabad, Dec 16 (PTI) A sessions court here has rejected pleas of AAP leaders Arvind Kejriwal and Sanjay Singh for separation of trial in a criminal defamation case over their remarks on PM Narendra Modi’s educational degree, noting they appeared to be “animated by a common purpose”. Additional Sessions Judge M P Purohit on Monday dismissed the revision applications filed by former Delhi chief minister Kejriwal and Rajya Sabha member Singh, who challenged the trial court’s order that had rejected their request for separate trials, and requested to quash the orders. Gujarat University had filed the defamation case over what

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