# Business

Rupee weakens 9 paise against dollar in opening trade

The rupee weakened by 9 paise to 63.67 against the US dollar in opening trade at the interbank foreign exchange…

PTI | Mumbai | February 1, 2018 10:48 am

Rupee weakens 9 paise against dollar in opening trade

The rupee weakened by 9 paise to 63.67 against the US dollar in opening trade at the interbank foreign exchange market ahead of the budget on Thursday.

A strong dollar in overseas markets weighed on the Indian currency, a currency dealer said.

Yesterday, the rupee had ended 2 paise higher at 63.58 against the US dollar.

Foreign investors withdrew a net Rs 136 crore from stocks yesterday, according to provisional FPI data.

Meanwhile, the benchmark BSE Sensex rose by 171.38 points, or 0.47 per cent, to 36,136.40 in opening trade on Thursday.

# Business

AfDB releases 511 million USD to finance government programmes in Niger

The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.

# Opinion

Rupee Surge

The Indian rupee’s surge to a two-month high on Thursday signals a broader shift in the global economic landscape, influenced not just by domestic factors but by international dynamics as well.

# Opinion

The Indian rupee’s stability, despite external pressures from weak Asian currencies and rising US bond yields, highlights a nuanced approach by the Reserve Bank of India (RBI) in managing the currency.