Organised every 25 years by the Catholic Church, the Jubilee is intended as a time of conversion and penance for the faithful, with cultural and religious events
europe1 hour ago
The Indian rupee depreciated by 20 paise to 74.54 against the US dollar (20.31 versus the UAE dirham) on Thursday morning, weighed down by a lacklustre trend in the Indian equity market and the firm American dollar.
At the Indian interbank foreign exchange, the rupee opened on a weak note at 74.44, then lost further ground and touched 74.54 against the dollar in initial deals, registering a decline of 20 paise from Wednesday’s close.
Reliance Securities said the rupee opened weaker tracking strengthening dollar and US bond yields. "Globally worries over inflation persist and will weigh on sentiments," it said in a note released on Thursday.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.10 per cent to 94.94.
The US dollar surged after US consumer prices increased to their highest rate since 1990, fuelling speculation that the Federal Reserve may raise interest rates sooner than expected, the Reliance Securities note said.
On the Indian equity market front, the 30-share Sensex was trading 420.68 points or 0.70 per cent lower at 59,932.14, while the broader NSE Nifty declined 129.50 points or 0.72 per cent to 17,887.70.
(with inputs from PTI)
Organised every 25 years by the Catholic Church, the Jubilee is intended as a time of conversion and penance for the faithful, with cultural and religious events
europe1 hour ago
Sara Duterte and Marcos were once political partners who won an overwhelming mandate to lead the nation's top two offices in 2022
asia1 hour ago
The PTI's demands include the release of all its leaders and resignation of the current government due to what it says was a rigged election this year
asia1 hour ago
Bhattacharya has called for shifting the agency's focus toward funding more innovative research and reducing the influence of some of its longest-serving career officials
americas1 hour ago
The initiative celebrated not only safe driving but also the "spirit of unity and pride that defines the nation"
transport2 hours ago
A message regarding Payne emerged as his song 'Stardust' played
entertainment2 hours ago
She also dropped pictures of her mother's gift to her
entertainment2 hours ago
Recalls his debut movie, 'Phool aur Kaante'
entertainment2 hours ago