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Rupee rises 11 paise to 95.63 against US dollar after RBI rate pause

Mumbai, Jun 5 (PTI) The rupee appreciated 11 paise to 95.63 against the US dollar in early trade on Friday after RBI rate pause, while there has also been encouraging news from the India-US trade discussions. Forex traders said the 96.00 zone remains a strong resistance area for USDINR and if the RBI signals a cautious approach toward inflation and currency stability in its policy decision, the rupee could gradually move back towards the 95.00-95.20 region in the near term. At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.63 in initial trade, registering a rise

Stock markets climb in early trade after RBI rate pause

Mumbai, Jun 5 (PTI) Stock market benchmark indices Sensex and Nifty traded higher in early deals on Friday after the RBI kept the key policy rate on hold ​and maintained a “neutral” stance, despite ​a falling currency. The 30-share BSE Sensex climbed 269.93 points to 74,629.94 in opening trade. The 50-share NSE Nifty went up by 62.4 points to 23,478.95. From the 30-Sensex firms, Tech Mahindra, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Eternal and Adani Ports were among the biggest gainers. Tata Steel, Trent, InterGlobe Aviation and Reliance Industries were among the laggards. Brent crude, the global oil benchmark,

UN report warns AI could soon use 3pc of world’s electricity, more water than we need to drink

Hamilton (New Zealand), Jun 5 (The Conversation) One argument often used to quell concerns about the rising energy and resource demand of data centres is that artificial intelligence (AI) models will need less in the future as they improve and become more efficient. But this seemingly logical thinking is a trap, according to a new United Nations report that quantifies the environmental costs of AI. The report estimates that by 2030, AI’s energy use could double to consume 3% of the world’s electricity, produce emissions to equal the UK and deplete more water for cooling than the annual drinking water

Bangladesh says it foiled multiple attempts by India to force people into the country

DHAKA, June 4 (Reuters) – Bangladesh said on Thursday it had foiled several attempts by India to force people into the country over the previous 24 hours, reviving a dispute over alleged undocumented migration ​and clouding efforts to improve ties between the South Asian neighbours. Their border is ‌one of the longest land frontiers in the world, stretching for more than 4,000 km (2,500 miles) across all sorts of terrain, making it difficult to police. Border Guard Bangladesh said it had detected 10 attempted infringements by Indian ​authorities along several sections of the border. India’s Border Security Force and ministry

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