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Rupee rises 49 paise to 89.17 against US dollar in early trade

Mumbai, Nov 24 (PTI) The rupee rebounded on Monday from record lows, rising 49 paise to 89.17 against the greenback in early trade on US dollar selling by banks and a dip in global crude oil prices. A positive opening in the domestic equity markets and intervention by the Reserve Bank of India (RBI) lent support to the domestic unit, according to forex traders. The rupee opened at 89.46 against the greenback before rising to 89.17, up 49 paise from its previous close. The rupee plunged 98 paise to close at its lifetime low of 89.66 against the US dollar

Long-term melatonin use found to raise heart attack risk

Long-term use of melatonin supplements may be linked with a higher risk of heart failure, according to new research — but does that mean people taking it as a sleep aid should stop using it now? In a review of electronic medical records, thousands of adults who had chronic insomnia and took melatonin for a year or longer had a 90% higher chance of heart failure over the next five years, compared with participants who had the same health factors but didn’t take melatonin. Melatonin users were also more than three times as likely to be hospitalized for heart failure

Global vaccine, Unicef sign deal to cut malaria vaccine price

LONDON, Nov 24 (Reuters) – Global vaccine alliance Gavi and its partner Unicef will pay 25% less for a new malaria vaccine made by the Serum Institute of India within roughly a year’s time, allowing them to reach more children despite cuts in international aid. The deal will reduce the cost of the R21 vaccine to $2.99 a dose from around $4. Unicef buys the vaccines with funding from Gavi, a partnership that works with governments to immunize children in the world’s poorest countries. Gavi estimates the price drop will save $90 million, which can fund 30 million more doses

Indian shares set to track Asian peers higher on rising odds of US rate cut

Nov 24 (Reuters) – India’s benchmark stock indexes were poised to open higher on Monday and inch towards record highs, tracking gains in other Asian markets on rising expectations of a December rate cut by the Federal Reserve. The Gift Nifty futures were trading at 26,159, as of 07:40 a.m. IST, indicating that the Nifty 50 could open above Friday’s close of 26,068.15. Both the Nifty and the Sensex logged second straight weekly gains on Friday on an improving earnings outlook and stable flows, trading less than 1% below their record highs touched in September 2024. Other Asian markets opened

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