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Rupee falls 16 paise to 90.11 against US dollar in early trade

Mumbai, Dec 8 (PTI) The rupee depreciated 16 paise to 90.11 against the US dollar in early trade on Monday, weighed down by elevated crude oil prices and persistent foreign fund outflows. Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors pressurised the rupee. At the interbank foreign exchange, the rupee opened at 90.07 against the US dollar then dropped to 90.11, down 16 paise from its previous close. On Friday, the rupee settled at 89.95 against the US dollar, after the Reserve Bank of India cut the key policy interest rate for the first time

Equity markets decline in early trade dragged by services, realty stocks, FII outflows

Mumbai, Dec 8 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Monday weighed down by losses in services and realty stocks and sustained foreign fund outflows. The 30-share BSE Sensex dropped 316.52 points, or 0.37 per cent, to 85,395.85 in the morning trade. The 50-share NSE Nifty declined by 106.70 points, or 0.41 per cent, to 26,079.75. From the Sensex firms, Bajaj Finance, Bharat Electronics Ltd, Axis Bank, Bajaj Finserv, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra, NTPC, ICICI Bank, PowerGrid, Hindustan Unilever and Larsen & Toubro were the laggards. However, Tech Mahindra, Infosys, Eternal,

Too big to fail? IndiGo crisis exposes risks in Indian aviation

NEW DELHI, Dec 8 (Reuters) – A wave of flight cancellations by IndiGo, India’s largest airline, sparked a week of chaos and grounded tens of thousands of passengers, laying bare the risks of having a duopoly-like situation in the world’s fastest-growing aviation market. For years, IndiGo with a 65% domestic market share has helped Indians realise their dreams of flying — an aspiration shared by Prime Minister Narendra Modi who once said those “in slippers should also be seen in aircraft”. The airline became the poster child of the nation’s aviation boom in recent years, with its promise of low

India withdraws pilot restrictions after IndiGo cancels flights and disrupts airports

NEW DELHI, December 5, 2025 (AP) — India’s aviation watchdog temporarily rolled back restrictions on airline crew duty hours, days after the previous order disrupted operations at major Indian airports as the country’s biggest airline, IndiGo, scrambled to restore normal services. The new regulations mandated longer rest periods and limited night flying hours for crew and pilots to address concerns about fatigue and safety. India’s Ministry of Civil Aviation said late Friday the suspension of the new rules would go into effect immediately. “Without compromising on air safety, this decision has been taken solely in the interest of passengers, especially

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