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Rupee slumps 9 paise to close at all-time low of 90.41 against US dollar

Mumbai, Dec 12 (PTI) The rupee depreciated by 9 paise to close at an all-time low of 90.41 against the US dollar on Friday, as uncertainty over the India-US trade deal and persistent foreign fund outflows dented investor sentiment. Forex traders said the rupee is under pressure, largely due to aggressive dollar purchases by importers amid surging global precious metal prices. At the interbank foreign exchange, the rupee opened at 90.43 against the US dollar, then fell further to a record intraday low of 90.56 against the greenback, registering a fall of 24 paise from its previous close. The unit

Silver soars Rs 5,100 to hit new peak of Rs 1.99 lakh/kg in Delhi markets

New Delhi, Dec 12 (PTI) Silver prices strengthened for the third straight day and jumped Rs 5,100 to hit a new peak of Rs 1,99,500 per kilogram in the national capital on Friday, amid sustained global demand for the safe-haven asset, according to the All India Sarafa Association. The white metal closed Rs 2,400 up at Rs 1,94,400 per kilogram on Thursday, a day after surging Rs 11,500 on Wednesday. “In the domestic market, spot silver prices once again recorded a new high, while gold prices also appreciated significantly, trading near the record level,” Dilip Parmar, Research Analyst, HDFC Securities,

All India Matua Sangha’s Gosai Parishad plans ‘one lakh voice’ Harinam Sankirtan in January

Kolkata, Dec 12 (PTI) The All India Matua Sangha’s Gosai Parishad faction on Friday announced plans to hold a ‘lakha kanthe’ (one-lakh-voice) ‘Harinam Sankirtan’ in January to reiterate its demand for citizenship for Matua community members and to urge the Election Commission not to delete their names from voter rolls. Gosai Parishad secretary Nantu Halder said the date would be finalised after consultations. “We are planning a Harinam Sankirtan with one lakh voices. I will speak to Mamata Bala Didi (TMC MP) about the arrangements and announce the date soon,” Halder told reporters. The Gosai Parishad is backed by Trinamool

India frees up visas for Chinese professionals in key step to boost ties

NEW DELHI, Dec 12 (Reuters) – India has cut red tape to speed business visas for Chinese professionals, two officials said, a major step to boost ties between the Asian giants and end chronic delays that cost output worth billions of dollars because of scarce technicians. As Prime Minister Narendra Modi cautiously rekindles ties with Beijing in the face of punishing U.S. tariffs, the officials said New Delhi dropped a layer of bureaucratic scrutiny and shortened visa approval times to less than a month. Reuters is the first to report the development. India had blocked virtually all Chinese visits after

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