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Rupee slumps 25 paise to all-time low of 88.53 against US dollar

Mumbai, Sep 23 (PTI) The rupee depreciated 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as headwinds like enhanced US tariffs on Indian goods, as well as the US H-1B Visa fee hike, dented investor sentiments. Forex traders said that global risk aversion and trade policy uncertainty have also exacerbated the rupee’s depreciation. At the interbank foreign exchange, the rupee opened at 88.41, then lost further ground and touched an intraday low of 88.53 against the US dollar, registering a decline of 25 paise over its previous close. On Monday,

Stock markets trade lower after rising in early trade

Mumbai, Sep 23 (PTI) Benchmark indices Sensex and Nifty slipped in the negative territory after rising in early trade on Tuesday amid fresh foreign fund outflow and concerns over the steep hike in US H-1B visa fees. The 30-share BSE Sensex climbed 147.53 points to 82,307.50 in early trade. The 50-share NSE Nifty went up by 48.5 points to 25,250.85. However, soon after both the benchmark indices turned negative. The BSE benchmark quoted 185.86 points lower at 81,980.47, and the Nifty traded 61.50 points down at 25,135.45. From the Sensex firms, UltraTech Cement, Titan, Asian Paints, Adani Ports, Trent and

BJP cannot win polls based on its performance: Congress MP

Srinagar, Sep 22 (PTI) Congress Rajya Sabha MP Syed Naseer Hussain Monday alleged the BJP won the 2024 Lok Sabha elections through “vote chori”, claiming that the saffron party cannot win polls based on its performance. “They (BJP) cannot win elections in the name of development, their programmes, and slogans. They can only win elections by two ways,“ either by raking up Hindu-Muslim issue, or by using government agencies,” Hussain, who is also Congress general secretary in-charge of Jammu and Kashmir, told a press conference here. He said the Congress’ “Vote Chor Gaddi Chhod” (vote thief, vacate your seat of

Car dealerships see increased footfalls as buyers queue up for dream machines at low cost

New Delhi, Sep 22 (PTI) The automotive dealers witnessed increased footfalls as buyers thronged dealerships in large numbers on Monday to buy their dream machines with lower price tags under the new GST regime, according to FADA President C S Vigneshwar. In an interaction with PTI, he said that the dealerships saw a massive increase in customer enquiries over the last 3-4 weeks and a very ‘positive’ sales performance on the first day of Navratri. “People have been coming in for the last three or four weeks, as they know prices are going to drop. A lot of people are

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