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Rupee jumps 21 paise to 88.56 against US dollar in early trade

Mumbai, Nov 4 (PTI) The rupee rebounded from record low level and gained 21 paise to 88.56 against the US dollar in early trade on Tuesday on the back of lower crude oil prices overseas. The Indian currency, however, remained under pressure due to a strong dollar and outflow of foreign fund from capital market, forex traders said. At the interbank foreign exchange, the rupee opened at 88.55 and then traded at 88.56 against the greenback in early deals, sharply higher by 21 paise from its previous closing level. On Monday, the domestic unit, declining for the third consecutive session,

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Mumbai, Nov 4 (PTI) Equity benchmark indices Sensex and Nifty were trading lower in early trade on Tuesday amid persistent foreign fund outflows and weak trend in Asian markets. The 30-share BSE Sensex dropped 55 points to 83,923.48 in early trade. The 50-share NSE Nifty dipped 40.95 points to 25,722.40. From the Sensex firms, Power Grid, Eternal, HCL Tech, Maruti, Tata Motors and Infosys were among the major laggards. However, Bharti Airtel, Titan, Reliance Industries and Mahindra & Mahindra were the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,883.78 crore on Monday, according to exchange data. Domestic Institutional

“Tejashwi will become Bihar Chief Minister this time”: RJD chief Lalu Yadav

Patna (Bihar) [India], November 3 (ANI): Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav on Monday expressed confidence that Mahagathbandhan’s Chief Ministerial candidate Tejashwi Yadav will become the next Chief Minister of Bihar following the state assembly elections. Speaking to ANI, RJD chief said, “Tejashwi Yadav will become the Chief Minister this time. The government will be changed on 14th November.” On RJD poll campaign, former Bihar Chief Minister said that Tejashwi is getting support across state. “The election campaign is going on very well. The alliance will win. The local leaders are working well. There is massive support from

ED freezes Anil Ambani Group properties Rs 3084 crore

NEW DELHI, Nov 3 (Reuters) – The ED (Enforcement Directorate) has provisionally frozen Rs 3084 crore ($351 million) worth of real estate assets linked to Reliance Anil Ambani Group as part of a money-laundering investigation, it said in a statement on Monday. The case relates to loans from India’s YES Bank in excess of $569 million taken out by the group between 2017 and 2019 and involves what the Enforcement Directorate alleges was the diversion and laundering of public funds. Reliance Group, owned by the younger brother of billionaire Mukesh Ambani, did not immediately respond to a request for comment

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