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Rupee rises 12 paise to 85.86 against US dollar in early trade

Mumbai, Mar 24 (PTI) The rupee appreciated 12 paise to 85.86 against the US dollar in early trade on Monday, as strong domestic inflows provided the much-needed support. However, lurking risks — ranging from crude oil prices to liquidity constraints — continue to pose challenges for the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 85.93 against the greenback, then gained some ground and touched 85.86, up 12 paise from its previous close. On Friday, the rupee appreciated 38 paise to close at 85.98 against the US dollar. “Despite its recent gains, the rupee

After the gold rush: Asian, Mid-East sellers flood jewellery market

MUMBAI, March 24 (Reuters) – As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with displays losing their sparkle as customers race to cash in their old jewellery and coins. If the rush to sell continues, it could ultimately lead to lower imports into major markets, potentially tempering gold’s rally, retailers and industry experts said. Spot gold topped $3,000 an ounce for the first time on March 14, and continued climbing last week to bring year-to-date gains to more than 15%, driven by a powerful combination of political and financial uncertainty. The stunning

Indian shares open higher led by energy stocks

March 24 (Reuters) – Indian shares opened higher on Monday, led by energy stocks and as foreign capital inflows and bargain-buying opportunities cheered investors. The NSE Nifty 50 was up 0.65% at 23,498.2, while the BSE Sensex gained 0.67% to 77,420.78, as of 9:21 a.m. IST. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here. All the 13 major sectors gained, with the high-weightage financials rising 0.7%. The energy index jumped 2%, led by GAIL, Gujarat State Petronet, Indraprastha Gas and Mahanagar Gas, on likely gains from

BJP hold rally protesting women being allowed to work in bars

Kolkata, Mar 22 (PTI) The women’s wing of the BJP on Saturday held a rally here protesting the passage of a bill in the West Bengal Assembly allowing women to work in bars. Claiming that the Trinamool Congress government was unable to provide job opportunities to women in the state, BJP women’s cell leader Falguni Patra maintained that this is the reason that such steps are being taken by the ruling dispensation. The rally was held from College Square in north Kolkata to the Excise department headquarters at Bowbazar, a distance of about two kilometres. The West Bengal assembly on

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