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Rupee slumps 25 paise to close at all-time low of 90.74 against US dollar

Mumbai, Dec 15 (PTI) The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a fresh all-time low of 90.74 (provisional) against the US dollar, registering a loss of 25 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further dented investor sentiment. At the interbank foreign exchange, the rupee opened at 90.53 against the US dollar, then lost ground and fell to a record intra-day low of 90.80, registering a

Stock markets close marginally lower on foreign fund outflows, weak rupee; Sensex slips 54 pts

Mumbai, Dec 15 (PTI) Benchmark stock indices Sensex and Nifty pared most of early losses to close marginally down on Monday amid persistent foreign fund outflows and weak global trends. The 30-share BSE Sensex closed lower by 54.30 points, or 0.06 per cent, at 85,213.36. The benchmark opened lower and declined further by 427.34 points, or 0.50 per cent, to hit a low of 84,840.32, but value buying in FMCG and IT shares in the second half helped cut losses. The 50-share NSE Nifty edged lower by 19.65 points, or 0.08 per cent, to 26,027.30. The broader index hit a

Stock markets trade lower in early deals on foreign fund outflows, weak global trends

Mumbai, Dec 15 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Monday in-tandem with a weak trend in global markets and persistent foreign fund outflows. Also, uncertainty over an India-US trade deal weighed on investors’ sentiment, analysts said. The 30-share BSE Sensex declined 384.39 points to 84,883.27 in early trade. The 50-share NSE Nifty edged lower by 122.9 points to 25,924.05. From the Sensex firms, Mahindra & Mahindra, Bharti Airtel, Trent, NTPC, Bajaj Finserv and Power Grid were among the major laggards. However, Asian Paints, Hindustan Unilever, UltraTech Cement, Bharat Electronics and Tata Steel were the

India cannot afford to pollute its way to prosperity: Congress

New Delhi, Dec 15 (PTI) Asserting that India simply cannot afford to pollute its way to prosperity, the Congress on Monday said increased pollution need not and must not be the price the people are compelled to pay for faster growth. The opposition party also stressed that the Graded Response Action Plans (GRAPs) cannot remain the dominant focus of clean-air action. In a statement, Congress general secretary in-charge communications Jairam Ramesh said these plans are essentially reactive, with the emphasis being on crisis management and not crisis avoidance. “We need tough multi-sectoral actions with scale and speed round the year

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