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Rupee falls 10 paise to close at 87.57 against US dollar

Mumbai, Aug 14 (PTI) Rupee pared initial gains and settled for the day on a negative note, lower by 10 paise at 87.57 (provisional) against the US dollar on Thursday, as it came under pressure due to continued dollar demand from importers. Forex traders said the rupee pared initial gains on positive crude oil prices, dollar demand from importers and foreign fund outflows. Moreover, there is an overall negative bias amid uncertainties over the trade tariff issue between India and the US. At the interbank foreign exchange, the domestic unit opened at 87.48 and moved in a range of 87.39

Stock markets end flat after volatile session as investors await outcome of US-Russia talks

Mumbai, Aug 14 (PTI) Benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade on Thursday with investors taking a wait-and-see approach ahead of the US-Russia talks. Extending gains to the second day, the 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. During the day, it rallied 211.27 points or 0.26 per cent to 80,751.18. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30. Among Sensex firms, Eternal, Infosys, Asian Paints, HDFC Bank, Bajaj Finserv and Titan were the major gainers. However, Tata Steel, Tech Mahindra,

Bihar SIR row: Supreme Court asks Election Commission to publish details of 65 lakh deleted voters with reasons

New Delhi, Aug 14 (PTI) The Supreme Court on Thursday directed the Election Commission of India (ECI) to publish details of 65 lakh deleted names from the voters list with reasons of non-inclusion to enhance transparency in Bihar’s special intensive revision (SIR) of electoral roll. A bench of Justices Surya Kant and Joymalya Bagchi passed the order while hearing pleas challenging the June 24 ECI decision to conduct the SIR of electoral roll in Bihar. It directed the list of 65 lakh voters whose names featured in the electoral roll but dropped from the draft roll to be published on

Gold extends rise on Fed rate cut hopes, softer dollar

Aug 14 (Reuters) – Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the U.S. Federal Reserve in September following tame inflation data, which also weighed on the dollar. Spot gold rose 0.2% to $3,359.81 per ounce as of 0410 GMT. U.S. gold futures for December delivery added 0.3% to $3,408.50. “Markets are pricing in the chance that the Fed cuts 50 basis points in September. So the dollar’s weakening, gold’s going up as a result, yields are also down,” said Kyle Rodda, Capital.com’s financial market analyst. “The technical

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