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Rupee falls 8 paise to close at 89.53 against US dollar

Mumbai, Dec 1 (PTI) The rupee depreciated 8 paise to close at 89.53 (provisional) against the US dollar on Monday, fuelled by strong market demand for the American currency. Forex traders said the sustained weakness in the rupee is primarily attributable to a widening trade deficit, the delayed India-US trade deal, and limited central bank intervention. At the interbank foreign exchange market, the rupee opened at 89.45, then lost its ground and fell to a record low of 89.79 (provisional) against the US dollar in intraday trade, down 34 paise over its previous close. The unit earlier logged its lifetime

Stock markets retreat from lifetime highs on profit-taking in financial, FMCG shares; Sensex slips 65 pts

Mumbai, Dec 1 (PTI) Benchmark stock indices Sensex and Nifty closed marginally lower after hitting their fresh all-time highs on Monday due to profit-taking at higher levels and foreign fund outflows. The 30-share BSE Sensex pared early gains and closed 64.77 points or 0.08 per cent lower at 85,641.90. During the day, the benchmark jumped 452.35 points or 0.52 per cent to hit a record intra-day high of 86,159.02. The 50-share NSE Nifty dipped 27.20 points or 0.10 per cent to settle at 26,175.75. During the day, it climbed 122.85 points or 0.46 per cent to hit a lifetime high

As US hunger rises, Trump administration’s ‘efficiency’ goals cause massive food waste

Washington, Dec 1 (The Conversation) The US government has caused massive food waste during President Donald Trump’s second term. Policies such as immigration raids, tariff changes and temporary and permanent cuts to food assistance programmes have left farmers short of workers and money, food rotting in fields and warehouses, and millions of Americans hungry. And that doesn’t even include the administration’s actual destruction of edible food. The U.S. government estimates that more than 47 million people in America don’t have enough food to eat – even with federal and state governments spending hundreds of billions of dollars a year on

Rupee trades in narrow range against US dollar in early trade

Mumbai, Dec 1 (PTI) The rupee traded in a narrow range against the US dollar in early trade on Monday, as the support from positive domestic equities was negated by elevated crude oil prices and foreign fund outflows. Forex traders said significant dollar demand by importers has exerted persistent downward pressure on the local currency. Moreover, investors are adopting a cautious stance amid ongoing trade tensions with the US, with expectations of a settlement towards the end of the year. At the interbank foreign exchange market, the rupee opened at 89.45. It slipped further to trade at 89.46 against the

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