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Rupee rises 14 paise to close at 95.27 against US dollar

Mumbai, Jun 10 (PTI) The rupee appreciated 14 paise to close at 95.27 (provisional) against the US dollar on Wednesday, amid likely intervention from the Reserve Bank of India (RBI) to curb excessive volatility and prevent a further slide in the domestic unit. Forex traders said the rupee pared its initial losses and settled on a positive note as Brent crude oil prices and the US dollar index retreated from their elevated levels. Moreover, likely intervention from the Reserve Bank of India (RBI) also supported the domestic unit at lower levels. At the interbank foreign exchange market, the rupee opened

Stock markets retreat from day’s high; end flat

Mumbai, Jun 10 (PTI) Benchmark indices Sensex and Nifty retreated from their day’s high and ended flat on Wednesday as renewed hostilities between the United States and Iran unsettled investor sentiment. Weak trends in global markets and relentless foreign fund outflows also made investors cautious, according to analysts. The 30-share BSE Sensex trimmed most of its intraday gains during the fag-end of trading and settled 64.42 points, or 0.09 per cent, higher at 73,983.18. During the day, it jumped 694.25 points, or 0.93 per cent, to 74,613.01. The 50-share NSE Nifty, however, dipped 27.15 points, or 0.12 per cent, to

Gold slumps Rs 4,300, silver tanks Rs 10,000 as fresh oil rally rattles bullion demand

New Delhi, Jun 10 (PTI) Gold prices slumped by Rs 4,300 to Rs 1.56 lakh per 10 grams while silver crashed by Rs 10,000 to Rs 2.45 lakh per kg in the national capital on Wednesday as a fresh jump in crude oil rates and a strong US dollar weakened demand for the precious metals. According to local marketmen, gold of 99.9 per cent purity depreciated by Rs 4,300, or nearly 3 per cent, to Rs 1,56,000 per 10 grams (inclusive of all taxes) against the last close of Rs 1,60,300 per 10 grams. Silver prices plunged by Rs 10,000,

Free govt bus travel for women in Kerala

Thiruvananthapuram, Jun 10 (PTI) Kerala Chief Minister V D Satheesan on Wednesday said the Cabinet has decided that the Indira guarantee of free bus travel for women will initially be available on KSRTC’s ordinary services from June 15. Satheesan, at a press conference after the Cabinet meeting chaired by him, said that the concession, called ‘Priyadarshini’, in its current format will cost the KSRTC over Rs 60 crore per month or around Rs 800 crore annually. He further said that the concession will be available for women of all ages and all walks of life, irrespective of their financial background.

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