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Rupee hits fresh 6-mth low of 71.71; dives 28 paise

6:51 pm August 20, 2019

Mumbai: The Indian rupee on Tuesday furthered its loss by another 28 paise to close at a new six-month low of 71.71 against the US dollar as economic uncertainties continued to weigh. Investors remained risk averse considering a host of factors including fast-spreading economic slowdown, outlook on foreign fund outflows and weakness in most emerging […]

Rupee slips 23 paise to 71.66 vs USD in early trade

11:42 am August 20, 2019

Mumbai: The rupee opened on a weak note and fell 23 paise to 71.66 against the US dollar in early trade on Tuesday amid rising crude oil prices and unabated foreign fund outflows. On Monday, the rupee had tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar amid […]

Rupee plunges to over 6-mth low of 71.43; skids 29 paise

7:45 pm August 19, 2019

Mumbai: The Indian rupee tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar on Monday amid growing worries over economic slump and sustained foreign fund outflows. Further, rising crude oil prices and strengthening of the US dollar vis-a-vis other currencies overseas also took toll on the Indian currency. […]

US economists expect recession in 2020 or 2021: survey

3:44 pm August 19, 2019

Washington: A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released Monday. The National Association for Business Economists found far fewer experts now think the next recession will start this year compared to a survey in February. […]

Portland ‘ground zero’ for protests between right, left-wing

1:54 pm August 18, 2019

Portland (US): Hundreds of far-right protesters and anti-fascist counter-demonstrators swarmed downtown Portland, Oregon, for a long-hyped rally that attracted President Donald Trump’s attention and resulted in at least 13 arrests. Police seized metal poles, bear spray and other weapons and closed bridges and streets to try to keep the rival groups apart. They were largely […]