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Rupee weakens 12 paise to settle at 86.52 against US dollar

Mumbai, Jul 25 (PTI) The rupee declined 12 paise to settle at 86.52 (provisional) against the US dollar on Friday, tracking negative domestic equity markets and surging global crude oil prices. A strengthening American currency overseas and foreign fund outflows further weighed on the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened at 86.59 and hit the lowest level of 86.63 against the greenback. The unit touched the intra-day peak of 86.47 before ending the session at 86.52 (provisional), registering a loss of 12 paise from its previous closing level. On Thursday, the rupee

Two days of market fall erodes Rs 8.67 lakh crore from investors wealth

New Delhi, Jul 25 (PTI) Investors’ wealth eroded by Rs 8.67 lakh crore in two days of sharp fall in the equity market, where the benchmark Sensex tanked 1.52 per cent. Persistent foreign fund outflows and heavy selling in financial, IT stocks have dragged the markets lower. In the past two trading days, the 30-share BSE Sensex has dropped 1,263.55 points or 1.52 per cent. Following the sharp fall in equities, the market capitalisation of BSE-listed firms fell by Rs 8,67,406.75 crore to Rs 4,51,67,858.16 crore (USD 5.22 trillion) in two days. On Friday, the Sensex tanked 721.08 points or

Bihar CM Nitish berates opposition members for coming to assembly dressed in black

Patna, Jul 25 (PTI) Bihar Chief Minister Nitish Kumar on Friday berated opposition MLAs for turning up at the assembly wearing black shirts, as a mark of protest against the special intensive revision of electoral rolls. The longest serving CM of the state expressed his vexation on the final day of the monsoon session, which is the current assembly’s last before fresh elections, to be announced in barely a couple of months from now. As Speaker Nand Kishor Yadav started conducting the Question Hour, opposition members were on their feet, raising slogans against the exercise, which has kept the assembly

RBI won battle against inflation, war continues, Governor Sanjay Malhotra says

MUMBAI, July 25, 2025 – The RBI (Reserve Bank of India) has won the battle against inflation but the war continues as price stability remains the primary objective, Governor Sanjay Malhotra said in a fireside chat at an event organised by newspaper Financial Express on Friday. “Our primary objective [is] to maintain price stability and we have mentioned that it is not inconsistent with the other objectives we have of growth because that is a pre-requisite,” the governor said, adding that the upcoming rate decision will be guided by the revised forecast numbers. The comments come ahead of the central

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