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State-run banks’ dollar sales echo defence of rupee’s record low territory

MUMBAI, Nov 13 (Reuters) – The Indian rupee slipped on Thursday, weighed down by persistent corporate hedging demand but intermittent dollar sales by state-run banks kept the currency above its record low, echoing price action over recent weeks. The rupee was hovering near 88.70 as of 11:20 a.m. IST, down modestly from its close at 88.63 on Wednesday. The currency had touched an all-time low of 88.80 on September 30. Frequent market interventions by the Reserve Bank of India have solidified 88.80 as a ‘line in the sand’ against further weakness in the rupee in the near term, traders said.

Rupee falls 7 paise to 88.69 against US dollar in early trade

Mumbai, Nov 13 (PTI) The rupee traded in a narrow range and depreciated by 7 paise to 88.69 against the US dollar in early trade on Thursday, as strong US dollar index and a muted trend in domestic equities weighed on investors’ sentiment. Forex traders said the rupee is trading in a tight range, with renewed optimism over US-India trade talks providing a steady anchor. In contrast, a steady US dollar index dented investors’ sentiment. The US dollar index is hovering near 99.50, as the market braced for the final chapter of the US government shutdown saga. At the interbank

Stock markets stay flat amid highly volatile session

Mumbai, Nov 13 (PTI) Equity benchmark in stock markets indices Sensex and Nifty started the trade on a weaker note on Thursday but later quoted flat in a highly volatile trade amid mixed global cues. The 30-share BSE Sensex declined 138.36 points, or 0.16 per cent, to 84,328.15 in the morning trade. The broader NSE Nifty slipped 38.50 points or 0.15 per cent, to 25,837.30. But, later both the benchmark indices were oscillating between highs and lows. Among the Sensex firms, Tata Motors’ commercial vehicles business, Eternal, Infosys, Tech Mahindra, Mahindra & Mahindra, HCL Technologies, Kotak Mahindra Bank, HDFC Bank,

Vitamin D dosing cuts heart attack risk halved in adults with heart disease

People with a history of heart attack could protect themselves from future to take Vitamin D daily. A study at Intermountain Health in Salt Lake City, Utah, discovered that supplementing with vitamin D3 can significantly reduce the risk of a second heart attack in those who have already suffered one. In a large, randomized clinical trial, researchers monitored patients’ blood levels for vitamin D, while adjusting doses to “achieve optimal levels,” according to a press release. They found that treating heart attack patients with higher doses of vitamin D3 cut the risk of a second heart attack in half. The

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