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Rupee hits all-time low against US dollar: Aaditya targets Centre, ‘speechless’ BJP

Mumbai, Jan 23 (PTI) Shiv Sena (UBT) leader Aaditya Thackeray on Friday slammed the Union government over the rupee hitting a new low against the US dollar and said the BJP is speechless when it comes to giving an explanation on the issue. The rupee dropped to a new low and is one of the worst performing currencies in the world now, Thackeray said. “The Union Government of the BJP, and its members that once created national panic at Rs 40 against the dollar, doesn’t even bother to explain to the citizens at 91.99 against the dollar. Or simply left

Rupee hits all-time low of 92/USD, recovers marginally to settle at 91.88 against US dollar

Mumbai, Jan 23 (PTI) The rupee hit an all-time low of 92 on Friday and recovered marginally to settle at 91.88 (provisional) against the American currency, amid selling pressure from foreign funds and risk-off sentiment in global markets. Forex traders said the Indian rupee gave up early gains and hit a record low of 91.99 per US dollar in intraday trade due to weak domestic markets and persistent foreign fund outflows. Moreover, gains in crude oil prices and a surge in US treasury yields weighed on the rupee. At the interbank foreign exchange, the rupee opened at 91.45 and then

Markets tanks nearly 1 pc amid widespread sell-off; Sensex slips below 82K

Mumbai, Jan 23 (PTI) Equity benchmark indices Sensex and Nifty resumed their downward journey to end nearly 1 per cent lower on Friday, dragged by widespread sell-off and the rupee depreciating to hit a record low against the US dollar. Besides, investors rushing to safe-haven assets from riskier assets and unabated foreign capital outflows in the absence of domestic triggers added to the gloom, traders said. The 30-share BSE Sensex tumbled 769.67 points, or 0.94 per cent, to close at 81,537.70. During the day, the index slumped 835.55 points, or 1.01 per cent, to hit an intraday low of 81,471.82.

Adani Group completes full takeover of IANS news agency

New Delhi, Jan 23 (PTI) Billionaire Gautam Adani’s group has taken full control of news agency IANS by purchasing the remaining 24 per cent stake for an undisclosed sum of money. AMG Media Networks Ltd, the media arm of the group’s flagship firm Adani Enterprises, has entered into a share purchase agreement to acquire the remaining stake in IANS India Private Limited, according to a stock exchange filing by the company. It, however, did not disclose the financial details of the transaction. The group in December 2023 acquired a majority 50.50 per cent stake in IANS (Indo-Asian News Service), making

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