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Rupee falls 10 paise to 95.28 against US dollar in early trade

Mumbai, Jul 6 (PTI) The rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by the broad strength of the American currency in the overseas market. Forex traders said whenever fresh foreign inflows enter the country, the central bank is likely to use the opportunity to rebuild its reserve position rather than allowing the rupee to strengthen too much. Moreover, uncertainty prevailed over the progress of US-Iran peace talks keeping a geopolitical risk premium in the market. At the interbank foreign exchange market, the rupee opened at 95.25, then touched 95.28 against

Six killed in Mumbai as rains wreak havoc, disrupt travel

MUMBAI, July 6 (Reuters) – At least six people including five children were killed when a group of buildings collapsed in ​the eastern suburbs of Mumbai on Sunday, ‌the latest casualties of heavy rains that have disrupted travel and shut down schools in the city. Here are some details: Two to ​three multi-storey houses in a slum collapsed in ​the Mankhurd area of Mumbai, which left five ⁠young children and one woman dead, civic authorities ​said. Rains also triggered landslides on the expressway connecting Mumbai with ​Pune, forcing its closure and disrupting traffic between the two cities. Television images showed

Tata Capital plans second dollar debt sale, to finalise pricing this week, bankers say

MUMBAI, July 6 (Reuters) – Tata Capital plans to raise funds through the sale ​of U.S. dollar-denominated bonds maturing in ‌three-and-a-half years, two merchant bankers aware of the matter said on Monday. The non-banking financial company may ​look to raise anywhere between $300 million ​to $500 million through this issue, the pricing ⁠for which will be finalised before the ​end of this week, the bankers added. ​The notes would be rated BBB by S&P, in line with the issuer’s rating. The bankers requested anonymity ​as they are not authorised to speak ​to media. The company did not reply to a

India’s retail car sales jump nearly 29% in June

July 6 (Reuters) – India’s retail car ​sales rose ‌28.6% in June, ​with compressed ​natural gas and ⁠other alternative-fuel-powered vehicles ​accounting for ​a record 40.35% of total ​sales, ​after fuel prices jumped ‌following ⁠the war in Iran, ​the ​Federation ⁠of Automobile Dealers ​Associations (FADA) ​said ⁠on Monday.

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