The average yield on the most liquid short rupee-denominated corporate notes climbed to the highest since March 2016
17 May, 2018, 16:53
On Tuesday, the rupee had lost 56 paise - the second biggest single-day fall of 2018 - to end at a new 16-month low of 68.07 as panic dollar demand rattled the currency market. The unit later hit a fresh intra-day high of 67.75 in late afternoon deals before closing at 67.80, showing a gain of 27 paise, or 0.40 per cent.
Sharply rising USA dollar yields have boosted the dollar on global exchanges, and the rupee was also coming under pressure from firm crude oil prices that will weigh on the country's already widening trade deficit.
In the forex markets on Wednesday, the rupee opened lower at 68.14 and slipped further to a fresh multi-month low of 68.15 in early trade. The Brent crude futures and United States crude futures (financial oil benchmarks) remained close to their November 2014 highs of $79.47 and $71.92 a barrel respectively.
Bumble Bee CEO indicted for tuna price fixing
The largest is Chicken of the Sea owned by the Thai Union Group, while the second largest is Bumble Bee and then StarKist. The market for canned tuna across the USA has been dominated for a long time by just three companies.
Experts caution the domestic currency could continue to be under pressure.
Meanwhile, despite mainstream reports to the contrary this year, bitcoin isn't banned in India despite recent curbs led by the central bank which effectively barred Indian citizens from purchasing cryptocurrency through their bank accounts. India's foreign exchange reserves have also fallen as much as $7 billion from their peak as the central bank without admitting to intervention has been doing so, said dealers.
The latest news from the entertainment industry is rather a treat for all moviebuffs who follow both Hollywood and Bollywood. Deadpool 2 is ready for release on Friday and the insane superhero film has an Indian connection especially with Bollywood.
Mandhana and Harmanpreet will lead IPL Trailblazers and IPL Supernovas respectively in the upcoming Women's T20 Challenge Match. There will be a host of Indian and worldwide stars that will take the field for the Women's T20 Challenge match in Mumbai .
Monzo , the United Kingdom challenger bank, has finally added Apple Pay to its mobile-only current account. It's not just for your iPhone though - it'll also work with your Apple Watch, iPad or MacBook Pro.
Trade analyst Taran Adarsh confirmed the film's business on his social media handles. "He posted: "#Raazi is UNSTOPPABLE. It collected Rs 7.53 crore on Friday, Rs 11.30 crore on Saturday and Rs 14.11 crore on Sunday.
The party's state president HD Kumaraswamy attacked Prime Minister Narendra Modi's government for "demolishing" the democracy. If they have allowed the single-largest party to come to power in Karnataka, then they should allow that here as well.
On Thursday, February 15 the rating was maintained by SunTrust with "Hold". ( NASDAQ : TRIP ) rating on Thursday, September 28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
This move if successful, can put Samsung in direct competition with Qualcomm, which supplies to all the major smartphone makers. However, Samsung later sent a statement to Reuters that there is no certainty that a deal will be reached with ZTE.
In addition to higher materials costs, builders have been struggling to find the skilled workers they need to start new projects. Homebuyers have been snapping up newly built houses as the economic outlook has continued to improve in recent months.
And we are certainly glad to share that OnePlus 6 passes the extensive scratch, burn, and bend test with flying colours. The screen withstood an open flame for about 20 seconds, after which the pixels exposed to it permanently died.
North American Construction Group Ltd . ( NOA ) negotiated 99,425 shares and maintained an average volume of 47.15K shares. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time.
Fiscal reform initiative is underway - Finance Ministry
The Goods and Services Tax (GST) in Malaysia will be reduced from the existing rate of 6% to 0% starting from 1 June 2018. The ministry said expenditure reduction will begin with rationalisation, efficiency measures and reduction in wastages.
Moto G6 with Custom ZUI Skin Launched as Moto 1S in China
While there are no changes in terms of specifications and design, the stock Android UI is replaced with the custom ZUI skin. Finally, the smartphone has a 3000 mAh Li-ion non-user replaceable battery with Turbocharging support via USB type C port.
Exercise does not prevent or delay onset of dementia
Indeed, patients who participated in the exercise programme showed slightly worse scores than those who hadn't exercised. But recent reviews of trials of exercise training in people with dementia have shown conflicting results.
Another transgender woman is murder in Dallas
Flores-Pavon, who went by Karla on Facebook , was pronounced dead at a hospital, local outlet CBS11 reported on Thursday. Few details are known about the circumstances of the victim's death; the Dallas Police Department is investigating.