Currencies

 The rupee gained for the second straight day and rose 10 paise against the US dollar on Wednesday, January 13, to settle at 73.15 (provisional) supported by unabated foreign fund inflows and a weak American currency. At the interbank foreign exchange market, the domestic unit opened at 73.16 and registered an intra-day high of 73.10. It witnessed a low of 73.23. In an early...

Cryptocurrency bitcoin jumped more than five per cent on Friday, January 8, to fresh record highs of $41,530, reversing losses from its earlier performance during the session. The world's most popular virtual currency slid to as low as $36,618.36 on Bitstamp exchange before bouncing back. The rival cryptocurrency - ethereum rose 3 per cent after plunging more than 10 per cent. Bitcoin has rallied nearly...

The rupee gained seven paise against the US dollar on Friday, January 8, to settle at 73.24 tracking an intense rally in domestic equities, while also reflecting a sharp recovery from the day's lowest level. The domestic unit started on a sluggish note and declined to an intraday low of 73.45 against the American currency during the day's session. It swung...

The rupee slipped 20 paise against the US dollar on Thursday, January 7, to settle at 73.31 (provisional), tracking muted domestic equities and a rebound in the American currency. At the interbank foreign exchange market, the local unit opened flat at 73.10 against the dollar. It registered an intra-day high of 73.08 during the session and dived to a low of 73.31. The...

Bitcoin crossed the $35,000 mark for the first time in Asia on Wednesday to rise to a high of $35,879, less than three weeks after crossing $20,000 (roughly ₹ 14.6 lakh) for the first time, on December 16. The world's biggest cryptocurrency has risen more than 800 per cent since mid-March. Bitcoin's steep rise can be attributed to a variety...

The rupee declined by 15 paise against the US dollar on Tuesday, January 5, to close at 73.17 (provisional) even as the domestic equity markets settled with significant gains. According to forex traders, sustained foreign fund inflows and weakness of the American currency in the overseas market restricted the rupee's decline. At the interbank foreign exchange market, the local unit opened flat at...

The rupee appreciated by 21 paise to 72.90 against the US dollar in opening trade on Monday supported by sustained foreign fund inflows and weakness of the American currency in the overseas market. Traders said hopes of COVID-19 vaccine also improved sentiments. India's drugs regulator on Sunday approved Oxford COVID-19 vaccine Covishield, manufactured by the Serum Institute, and indigenously developed Covaxin...

Domestic stock markets continued a record-breaking spree on Monday, with the S&P BSE Sensex index trading above the 48,000 mark for the first time ever, tracking record highs in Asian equities as investors pinned their hope on vaccines to eventually deliver a global economic upturn. The Sensex jumped 299.24 points, or 0.63 per cent, to an all-time high of...

Digital currency Bitcoin extended its record-smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method. The price of the world's most popular cryptocurrency traded as high as $33,099 on Saturday, with almost all other...

The Maharashtra government's revenue from registration of documents rose by ₹ 367 crore due to a three per cent waiver in stamp duty between September and December 2020, a state minister said on Friday. Talking to PTI, Revenue Minister Balasaheb Thorat said the stamp duty waiver scheme, introduced in September for four months till December 31, was aimed at...