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Rupee falls 21 paise to close at 85.63 against US dollar

Mumbai, May 20 (PTI) The rupee depreciated 21 paise to close at 85.63 (provisional) against the US dollar on Tuesday, on weak domestic markets and a bounce back in US treasury yields. Forex traders said the recent surge in the US 10-year yield reflects mounting concerns over fiscal and monetary policies, driving borrowing costs higher. Foreign fund outflows and positive crude oil prices also weighed on the rupee. However, the weak US dollar index cushioned the downside, they said. At the interbank foreign exchange, the domestic unit opened at 85.47 and moved between an intra-day high of 85.39 and a

Markets rebound in early trade tracking firm global trends

Mumbai, May 20 (PTI) Equity Benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after two days of decline amid firm trends in global markets and buying in IT stocks. The 30-share BSE benchmark gauge Sensex climbed 191 points to 82,250.42 in early trade after a positive beginning. The NSE Nifty went up by 64.9 points to 25,010.35. From the Sensex firms, Tata Steel, Infosys, Tech Mahindra, ITC, Tata Consultancy Services, Axis Bank, IndusInd Bank and Asian Paints were among the biggest gainers. Power Grid, HDFC Bank, Bajaj Finance, Reliance Industries, Titan and Nestle were among the laggards.

Rupee falls 13 paise to 85.55 against US dollar in early trade

Mumbai, May 20 (PTI) The rupee depreciated 13 paise to 85.55 against the American currency in early trade on Tuesday, tracking a muted trend in domestic equities and foreign fund outflows. Forex traders said the recent surge in the US 10-year yield reflects mounting concerns over fiscal and monetary policies, driving borrowing costs higher and this has pushed the Dollar Index lower. Moreover, US Treasury Secretary Scott Bessent recently warned of potential sharp tariff increases on key US trading partners. Such a move could rattle markets, traders said. At the interbank foreign exchange, the domestic unit opened at 85.47 and

MP govt constitutes SIT to probe Minister Vijay Shah’s remarks against Col Sofiya Qureshi

Bhopal (Madhya Pradesh) [India], May 20 (ANI): The Madhya Pradesh government has constituted a three-member Special Investigation Team (SIT) to investigate the controversial remarks against Col Sofiya Qureshi made by Bharatiya Janata Party (BJP) leader Kunwar Vijay Shah, who serves as the Tribal Affairs minister in the state cabinet. This development comes after the Supreme Court directed the Madhya Pradesh government to form an SIT, comprising three IPS officers, including a lady officer, while coming down heavily on Shah for his remarks against Colonel Sofiya Qureshi, referring to her as “sister of terrorists”. A bench of Justices Surya Kant and

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