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Rupee rises 6 paise to close at 88.20 against US dollar

Mumbai, Sep 15 (PTI) The rupee witnessed range-bound trading and settled higher by 6 paise at 88.20 (provisional) against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a FED rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a high of 88.13 against the greenback during the day. The domestic unit settled for the day

Stock markets close lower on profit-taking after recent rally; Sensex drops 119 pts

Indian stocks trader watch share prices on his screen during intra-day trade in Mumbai.

Mumbai, Sep 15 (PTI) Benchmark Sensex dropped nearly 119 points while Nifty snapped its eight-day winning run in a highly volatile trade on Monday due to profit-taking in IT and auto shares after a recent rally. Ending its five-day rally, the 30-share BSE Sensex declined by 118.96 points or 0.15 per cent to settle at 81,785.74. During the day, it hit a high of 81,998.51 and a low of 81,744.70. The 50-share NSE Nifty settled lower by 44.80 points or 0.18 per cent to 25,069.20, halting its eight days of uptrend. Investors stayed on the sidelines as markets await the

3 newly appointed ministers to take oath of office in Nepal

Kathmandu, Sep 15 (PTI) Three ministers inducted by Nepal’s caretaker Prime Minister Sushila Karki into her cabinet will be sworn in on Monday. Karki, 73, the Himalayan nation’s first woman prime minister, assumed office on Sunday. Later in the day, President Ramchandra Paudel appointed Kulman Ghising, former managing director of Nepal Electricity Authority; Rameshwor Khanal, former finance minister; and Om Prakash Aryal, advocate and advisor to Kathmandu Mayor Balendra Shah, as ministers on Karki’s recommendation. The newly appointed ministers will take the oath of office and secrecy at the President’s Office at Sheetal Niwas in the Maharajgunj area of Kathmandu,

Truck driver abducted, rescued for ex-IAS probationer Puja Khedkar’s house

Mumbai, Sep 15 (PTI) A truck driver, allegedly abducted after a road rage incident in Navi Mumbai, has been rescued from the house of former IAS probationer Puja Khedkar in Pune, police said on Monday. Khedkar has been accused of cheating and wrongly availing OBC and disability quota benefits in the civil services examination. The alleged abduction took place on Mulund-Airoli road in Navi Mumbai township on Saturday evening when Prahlad Kumar (22) was driving his concrete mixer truck, the police said. The truck brushed against a sports utility vehicle, following which an argument took place between Kumar and two

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