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Rupee rises 3 paise to close at 87.72 against US dollar

Mumbai, Aug 12 (PTI) The rupee consolidated in a narrow range to settle just 3 paise higher at 87.72 (provisional) against the US dollar on Tuesday amid a negative trend in domestic equities. Forex traders said the rupee is trading in a tight range as a late decline in domestic markets and foreign fund outflows capped sharp gains for the domestic unit. 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 87.70 and moved in a range of 87.59-87.72 during

SIR appears to be trust deficit issue: Supreme Court

New Delhi, Aug 11 (PTI) The Supreme Court on Tuesday called the Bihar SIR (special intensive revision) row “largely a trust deficit issue” as the Election Commission of India (ECI) claimed roughly 6.5 crore people of the total 7.9 crore voting population didn’t have to file any documents for they or their parents featured in the 2003 electoral roll. The top court is hearing a batch of pleas against the Election Commission electoral roll revision exercise in Bihar. A bench of Justices Surya Kant and Joymalya Bagchi during the hearing remarked it “largely appears to be a case of trust

INDIA bloc leaders to meet in Parliament to chalk out strategy for House proceedings

New Delhi [India], August 12 (ANI): The leaders of the INDIA bloc will meet in Parliament at 10:15 am on Tuesday to discuss their strategy for the proceedings in the House. A day earlier, the INDIA bloc and its leaders came down heavily on the Election Commission of India (ECI) amid allegations of “vote theft” in the previous assembly and general elections. The opposition MPs were detained by the Delhi police this morning for protesting the Special Intensive Revision (SIR) of electoral rolls in poll-bound Bihar, following allegations of “vote theft,” after they were denied permission to march to the

Rupee rises 10 paise to 87.65 against US dollar in early trade

Mumbai, Aug 12 (PTI) The rupee traded in a narrow range and edged higher by 10 paise to 87.65 against the US dollar in early trade on Tuesday, amid a positive trend in domestic equities. Forex traders said the rupee is trading in a tight range and the overall bias is expected to be negative amid uncertainty over the trade tariffs issue between India and the US. Moreover, investors are in a wait-and-watch mode ahead of the US CPI inflation data and are also awaiting cues from the US-Russia talks on August 15. At the interbank foreign exchange market, the

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