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Rupee rises 14 paise to close at 89.84 against US dollar

Mumbai, Dec 30 (PTI) The rupee rose 14 paise to close at 89.84 (provisional) against the greenback on Tuesday primarily on account of dollar selling by the Reserve Bank. Strong industrial output numbers supported the local unit, but a stronger greenback, higher global crude oil prices, and foreign fund outflows prevented sharper gains, forex traders said. At the interbank foreign exchange, the rupee opened at 89.98 against the dollar and traded in the range of 89.72-89.98 during the day. The local unit eventually settled at 89.84 (provisional), up 14 paise from its previous close. The rupee depreciated 8 paise to

Sensex, Nifty close marginally lower amid thin year-end trading, foreign fund outflows weigh

Mumbai, Dec 30 (PTI) Stock markets ended marginally lower on Tuesday amid thin year-end trading as persistent foreign fund outflows and a muted trend in global equities weighed on investors’ sentiment. Falling for the fifth consecutive day, the 30-share BSE Sensex dipped 20.46 points or 0.02 per cent to settle at 84,675.08. During the day, hit a high of 84,806.99 and a low of 84,470.94, gyrating 336.05 points. Ending the day on a flat note, the 50-share NSE Nifty slipped 3.25 points or 0.01 per cent to 25,938.85. From the 30-Sensex firms, Eternal, Infosys, Asian Paints, UltraTech Cement, Bajaj Finance,

Bangladesh Chief Adviser Yunus mourns death of Khaleda Zia

Dhaka, Dec 30 (PTI) Bangladesh interim government Chief Adviser Muhammad Yunus on Tuesday expressed deep sorrow over the demise of former prime minister Khaleda Zia. Zia, the longtime chief of the Bangladesh Nationalist Party (BNP) and a three-time prime minister, died earlier in the day in Dhaka after a prolonged illness. She was 80. In a condolence message, Yunus said the nation has lost one of its great guardians with the passing of Zia, The Daily Star newspaper reported. “I am deeply shocked and saddened by her death,” he said.

Indian shares little changed at open, foreign outflows weigh

Dec 30 (Reuters) – India’s equity benchmarks opened little changed on Tuesday, as investors remained cautious on concerns over foreign fund flows amid thin year-end volumes. The Nifty 50 index was largely unchanged at 25,940.9, while the BSE Sensex index shed 0.11% to 84,600.99, as of 9:15 a.m. IST. Nine of the 16 major sectors logged gains at the open. The broader small-caps and mid-caps were flat. The Nifty has lost 0.9% in three sessions, while the Sensex has dropped 1% in four sessions due to profit-taking in a thin year-end market. Foreign investors net sold Indian shares worth 27.6

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