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Business News

Rupee up by 17 paise to close at Rs 68.80 against dollar

Rupee up by 17 paise to close at Rs 68.80 against dollar
The rupee snapped its three-day losing streak to close 17 paise higher at 68 rupees and 80 paise against the US dollar as market participants pinned their hopes on an aggressive rate cut by the US Federal Reserve later this month.

Sensex declines 560 points; Nifty down by 178 points

Sensex declines 560 points; Nifty down by 178 points
Benchmark Domestic indices today plunged around one and half a per cent amid heavy foreign fund outflow.

India permits 1,239 tonnes raw sugar export to US

India permits 1,239 tonnes raw sugar export to US
The government has permitted the export of 1,239 tonnes raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff.

Rupee depreciates by 11 paise to close at Rs.68.82 against dollar

Rupee depreciates by 11 paise to close at Rs.68.82 against dollar
The rupee today depreciated by 11 paise to close at 68 rupees and 82 paise against the US dollar due to foreign fund outflows and rising crude oil prices.

Sensex surges 160 points; Nifty settels at 11,588

Sensex surges 160 points; Nifty settels at 11,588
Domestic equity benchmarks, Sensex and Nifty, today climbed driven by gains in IT stocks and positive macroeconomic data. The rupee also appreciated 15 paise against the US currency.

Wholesale inflation declines in June

Wholesale inflation declines in June
Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June, helped by a decline in prices of vegetables as well as fuel and power items.

Inflation rises marginally to 3.18% in June

Inflation rises marginally to 3.18% in June
Retail inflation increased marginally to 3.18 per cent in June over the previous month, mainly due to the rise in food prices.

Mining, manufacturing pull down IIP growth to 3.1 pc in May

Mining, manufacturing pull down IIP growth to 3.1 pc in May
Industrial output growth slipped to 3.1 per cent in May mainly on account of subdued performance of mining and manufacturing sectors.

India, US restart bilateral trade talks

India, US restart bilateral trade talks
India and the US discussed the broad contours of bilateral trade and commercial ties and agreed to continue their discussions for achieving mutually beneficial outcomes aimed at further growing the economic relationship and addressing mutual trade concerns.

Industrial production grows at 3.1 pc in May

Industrial production grows at 3.1 pc in May
Industrial production grew at 3.1 per cent in May, mainly on account of improvement in power generation, according to official data released today.

Retail inflation increases marginally to 3.18 pc in June

Retail inflation increases marginally to 3.18 pc in June
Retail inflation increased marginally to 3.18 per cent in June this year over the previous month, mainly due to rise in food prices.

Gold prices rule flat in Delhi bullion market

Gold prices rule flat in Delhi bullion market
Gold prices today ruled flat at 34,870 rupees per 10 gram in Delhi bullion market. Silver also remained steady at 38,900 rupees per kg.
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