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Rupee settles 4 paise lower at 89.20 against US dollar

Mumbai, Nov 25 (PTI) The rupee pared initial gains and settled 4 paise lower at 89.20 (provisional) against the greenback on Tuesday, weighed down by negative cues from domestic equity markets. Falling crude oil prices supported the Indian currency at lower level, however, withdrawal of foreign funds kept the rupee under pressure, forex analysts said. At the interbank foreign exchange market, the rupee opened at 89.02 and touched an intra-day low of 89.27 against the greenback. The unit ended the session at 89.20 (provisional) against the US dollar, registering a loss of 4 paise from its previous closing level. The

Gold climbs to Rs 1.28 lakh/10g in Delhi on festive demand

New Delhi, Nov 25 (PTI) Gold prices climbed Rs 3,500 to Rs 1,28,900 per 10 grams in the national capital on Tuesday amid fresh buying by local jewellers and retailers for the wedding festivities, according to the All India Sarafa Association. Snapping its three-day losing streak, the precious metal of 99.5 per cent purity appreciated by Rs 3,500 to Rs 1,28,300 per 10 grams (inclusive of all taxes). Silver prices also witnessed buying interest in tandem with gold. The white metal soared by Rs 5,800 to Rs 1,60,800 per kilogram (inclusive of all taxes). Traders said demand from local jeweller

Mamata undertakes anti-SIR march from Chandpara to Matua-heartland Thakurnagar in Bengal

Thakurnagar (WB), Nov 25 (PTI) West Bengal Chief Minister Mamata Banerjee on Tuesday embarked on a three-km march from Bongaon’s Chandpara to Matua-heartland Thakurnagar in North 24 Parganas district to protest the ongoing Special Intensive Revision (SIR) of electoral rolls in the state. The procession, which was taken up by the Trinamool Congress supremo after addressing an anti-SIR rally at Bangaon town situated near the India-Bangladesh border, will culminate at Dhakuria school at Thakurnagar, a party leader said. Banerjee was leading the procession with participants carrying blue and white balloons, waving TMC flags and raising anti-SIR slogans. The Election Commission

Ageing populations a ‘ticking time bomb’ for GDP growth, says EBRD

LONDON, Nov 25 (Reuters) – Countries must act now to keep slowing population growth from wreaking havoc on their long-term economic prospects, the European Bank for Reconstruction and Development said in an annual report on Tuesday. The report said ageing populations have already begun to hinder economic growth in some nations – and that in emerging Europe, the drop in the share of working-age people is projected to reduce annual per capita GDP growth by an average of almost 0.4 percentage points a year between 2024 and 2050. “Already today, demography is eroding growth in living standards, and it is

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