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Rupee slumps 38 paise to close at 95.46 against US dollar

Rupee slumps 38 paise to close at 95.46 against US dollar

Mumbai, Sept 10 (PTI) The rupee depreciated 38 paise to close at 95.46 (provisional) against the US dollar on Thursday, as Brent crude breached the USD 102 threshold, mounting concerns over the country’s import cost trajectory. Forex traders said the currency is currently facing opposing forces, with downside pressure driven by a resumption of foreign portfolio outflows, following positive flows in July and August and crude oil trading above USD 102 per barrel. At the interbank foreign exchange market, the rupee opened at 95.15 against the US dollar, then lost ground to close at 95.46 (provisional) against the American currency,

Markets snap 3-day losses; elevated crude oil prices, geopolitical tensions weigh on sentiment

Mumbai, Sep 10 (PTI) Market benchmark indices Sensex and Nifty ended higher on Thursday, snapping three days of decline, on fag-end buying in blue-chip HDFC Bank and Axis Bank. However, elevated crude oil prices above USD 100-per-barrel mark, amid persistent geopolitical tensions, kept risk appetite subdued throughout the day. The 30-share BSE Sensex advanced 138.36 points, or 0.19 per cent, to settle at 74,902.59 on last minute buying. During the day, it hit a high of 74,910.96 and a low of 74,598.47. The 50-share NSE Nifty edged higher by 46.30 points, or 0.20 per cent, to end at 23,477.80. Among

Supreme Court agrees to hear plea seeking national policy for welfare of private school teachers

New Delhi, Sep 10 (PTI) The Supreme Court on Thursday agreed to hear a petition seeking a direction to the Centre to formulate a comprehensive national policy and appropriate statutory framework for ensuring the welfare, social security and post-retirement protection of private school teachers in the country. A bench of Justices Vikram Nath and Sandeep Mehta issued notice to the Centre, all states and Union Territories and others, including the National Council For Teacher Education, seeking their responses on the plea. The bench posted the petition, filed by Kerala-based petitioner Ligimol George, for hearing after four weeks. The plea, filed

Trump says American adults will get $5,000 each if Republicans win the midterms

Dallas, September 10, 2026 (AP) — President Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party’s sagging fortunes in November. The dubious promise would likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country’s nearly $1.8 trillion annual budget deficit and concerns about inflation. “If the Republicans win, you win with us and you get $5,000,” Trump said during the GOP’s midterm convention in Dallas. “It will be called the Trump Dividend.” He

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