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Rupee ends 22 paise weaker at 94.23 against US dollar

Rupee hits record low

Mumbai, Apr 24 (PTI) The rupee extended its losing streak for the fifth day in a row, depreciating 22 paise to close at 94.23 (provisional) against the US dollar on Friday due to higher crude oil prices and strengthening American currency, with prospects of West Asia peace talks hanging in the balance. Despite a ceasefire being in place between the United States and Iran, ship movement through the Strait of Hormuz remained uncertain, unsettling the global fuel prices, while the upheaval triggered a massive selling in domestic equity markets and outflow of foreign funds, forex analysts said. President Donald Trump

Markets slump for 3rd day on surging oil prices, massive selling in IT stocks; Sensex drops 1k pts

Mumbai, Apr 24 (PTI) Equity benchmark indices Sensex and Nifty tumbled over 1 per cent on Friday, falling for the third consecutive day, as a sharp rally in crude prices and massive selling in IT counters weighed heavily on investors’ sentiment. Unabated foreign fund outflows, a negative trend in global markets amid prolonged conflict and continued disruption in the Strait of Hormuz added to the gloom. The 30-share BSE Sensex dropped 999.79 points, or 1.29 per cent, to settle at 76,664.21. During the day, it plunged 1,260.13 points or 1.62 per cent to 76,403.87. The wider gauge NSE Nifty slumped

Seven AAP Rajya Sabha MPs including Raghav Chadha, Ashok Mittal quit party; to join BJP

New Delhi, Apr 24 (PTI) In a massive jolt to the Aam Aadmi Party on Friday, seven of its Rajya Sabha MPs, including Raghav Chadha, Sandeep Pathak and Ashok Mittal, quit the party. Addressing a press conference, Chadha, flanked by Pathak and Mittal, said that two-thirds of the Aam Aadmi Party’s Rajya Sabha MPs have quit the party and will join the BJP as a faction. Chadha said that party MPs Harbhajan Singh and Swati Maliwal are also quitting the AAP. “AAP, that I nurtured with my blood and sweat and to which I gave 15 years of my youth,

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