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Rupee recovers 7 paise from all-time low to close at 88.68 against US dollar

Mumbai, Sep 25 (PTI) The rupee moved in a tight range to settle 7 paise higher at 88.68 (provisional) against the American currency on Thursday due to suspected RBI intervention amid a strong US dollar and weak domestic markets. Forex traders said the H1-B visa fee hike and surge in crude oil prices pressured the rupee. However, the selling of greenbacks by exporters and reports of intervention by the RBI prevented a sharp fall in the domestic unit. Moreover, investors remained concerned over global trade uncertainties and the impact of the US visa fee hike on India’s IT services exports.

Stock markets fall for 5th day; Sensex dives 556 points, Nifty settles below 25,000

Mumbai, Sep 25 (PTI) Stock markets closed with losses for the fifth consecutive day on Thursday, with the Sensex tumbling 555.95 points due to relentless foreign fund outflows and concerns over the US H-1B visa fee, making investors jittery. The 30-share BSE Sensex tanked 555.95 points or 0.68 per cent to settle at 81,159.68. During the day, it dropped 622.74 points or 0.76 per cent to 81,092.89. The 50-share NSE Nifty tumbled 166.05 points or 0.66 per cent to 24,890.85. A weak trend in global peers also hit the investor sentiment, analysts said. Among Sensex firms, Trent, Power Grid, Tata

Kejriwal to get government accommodation within 10 days, SG tells Delhi High Court

New Delhi [India], September 25 (ANI): Solicitor General Tushar Mehta on Thursday informed the Delhi High Court that Aam Aadmi Party (AAP) national convenor Arvind Kejriwal will be allotted an appropriate government residence within 10 days. Appearing virtually, Mehta assured Justice Sachin Datta, “He (Kejriwal) will be allotted the appropriate accommodation within 10 days from today. You may record my statement.” The Court recorded the assurance and noted that the matter should not be left hanging. Justice Datta said the practice of the Ministry in handling allotments must be addressed comprehensively, not only for politicians but also for non-politicians. “It

Curfew imposed in Ladakh after intense clashes; heavy security in towns, 50 detained

Leh, Sep 25 (PTI) At least 50 people were detained as police and paramilitary forces strictly implemented curfew on Thursday in the violence-hit Leh, where four people were killed and over 80 others were injured when widespread clashes broke out a day before. A shutdown called by the Leh Apex Body (LAB) — to advance talks with the Centre on demand for statehood and extension of Sixth Schedule to Ladakh — had descended into violence, arson and street clashes on Wednesday. Strict prohibitory restrictions banning assembly of five or more persons have been placed in other major towns as well,

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