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Rupee rebounds 31 paise to 64.73 on positive global cues

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Mumbai, Feb 23 (DIN NEWS) In line with domestic equities, the rupee today regained strength to close at 64.73 a dollar, advancing by a good 31 paise, amid indication that the US Federal Reserve may go slow on rate hikes. Besides, a heavy dollar unwinding by traders and exporters supported the rupee recovery. Global currency and financial markets heaved a sigh of relief after a Fed official said in an interview that raising interest rates too quickly could slow the economy too much. The latest Fed policy-meeting minutes had cemented expectations…

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BUSINESS NEWS CATEGORIES 

US dollar ends sharply cheaper against rupee

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Mumbai, Feb 23 (DIN NEWS) The US dollar ended sharply cheaper against the rupee at 64.73/74 per unit but the pound sterling finished higher at Rs 90.25/27 per pound at the close of the Interbank Foreign Exchange (forex) market here today. Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.73/74 US Dollar Rs 64.8227 Pound Sterling 90.25/27 Euro Rs 79.7643 Euro 79.59/61 Japanese Yen (100) 60.

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NEWS CATEGORIES WORLD NEWS 

May to make key Brexit speech next Friday: Downing Street

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London, Feb 23 (DIN NEWS) Prime Minister Theresa May will make a keynote speech next Friday on Britain’s relationship with the EU after Brexit following a “very positive” meeting of her senior ministers, her spokesman said. “The prime minister will be setting out more detail of the government’s position on Friday,” he said. Confirmation of the much-anticipated speech comes after May gathered around a dozen of her senior ministers for an “away day” at her country retreat in Chequers yesterday. Their discussions lasted eight hours as they sought to thrash out…

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NATIONAL NEWS NEWS CATEGORIES 

PNB fraud perpetrators will be brought to book: Gadkari

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Mumbai, Feb 23 (DIN NEWS) Union minister and BJP leader Nitin Gadkari today said the perpetrators of the PNB bank fraud will be brought to book and asserted the NDA government has never protected scam-tainted people. Gadkari was replying to questions related to the alleged Rs 11,400-crore fraud at Punjab National Bank (PNB) and its fallout. “The perpetrators will be brought to book. Our government has never protected such people and has done every bit possible to put the nation on top,” he said.He was speaking at a programme, ‘Chaupal’, organised…

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NATIONAL NEWS NEWS CATEGORIES 

AAP vs Chief Secy: Police team at CM’s residence, Kejriwal fumes

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New Delhi, Feb 23 (DIN NEWS) A Delhi Police team was on Friday sent to Chief Minister Arvind Kejriwal’s residence in the Civil Lines area for collecting evidence related to an alleged assault on Chief Secretary Anshu Prakash by AAP MLAs, an official said “A police team has been sent to the chief minister’s residence for collecting all evidence, including CCTV footage, in connection with the alleged assault on the Delhi Chief Secretary,” Additional DCP, North Delhi, Harinder Singh said Reacting to it, Kejriwal said, “A huge posse of policemen was…

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NATIONAL NEWS NEWS CATEGORIES 

Modi, Trudeau discuss terrorism, trade ties

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New Delhi, Feb 23 (DIN NEWS) Prime Minister Narendra Modi and his Canadian counterpart Justin Trudeau on Friday held extensive talks on key issues of counter-terrorism and extremism as well as ways to boost trade ties, after which the two sides inked six pacts, including on energy cooperation After their nearly two-hour long meeting, Modi, while addressing a joint media event with the Canadian prime minister, said they discussed the entire gamut of the bilateral partnership Asserting that it is important that the two countries work together to fight terrorism, Modi…

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NEWS CATEGORIES SPORTS 

Duminy takes fear out of my game: Klaasen

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South Africa’s newest swashbuckler Heinrich Klaasen has credited J P Duminy for “taking the fear out” of his game, saying the skipper’s presence was a key factor in his match-winning knock against India in the second Twenty20 International here. Klaasen smashed 69 off 30 balls as the Proteas won by six wickets last night to level the three-match series 1-1. The big-hitting batsman said that Duminy, who put on 97 runs off 49 balls for the third wicket with Klaasen, told him to go big. “Duminy was the key factor…

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ENTERTAINMENT NEWS CATEGORIES 

Vishal Bhardwaj postpones shoot of Deepika-Irrfan film

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Filmmaker Vishal Bhardwaj has postponed the shooting of his film, starring Deepika Padukone and Irrfan Khan, citing health concerns of the two actors. While Irrfan has been diagnosed with a severe case of jaundice, Deepika’s back injury, which the actor suffered while filming “Padmaavat” has resurfaced, the director said in a Facebook post. The shooting for the film was expected to start from next month in Nepal. “I am pushing back the film by a few months as both of my lead actors are down with different health problems. Irrfan…

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HC sets aside govt resolution on teaching staff’s bank accounts

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The Bombay High Court today set aside a Maharashtra government resolution asking the teaching and non-teaching staff of the government schools in Thane to shift their salary accounts to a particular cooperative bank. A bench of justices BR Gavai and BP Colabawalla termed the resolution arbitrary and questioned the rationale behind the government’s decision to abruptly change a policy. The bench was hearing a petition filed by the Thane Zilla Sikshan Vibhag, challenging the government circular. As per the petitioners, they already had salary accounts in the Thane District Central…

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LEGAL NEWS NEWS CATEGORIES 

PNB fraud: Vipul Ambani and 5 others in CBI custody till Mar 5

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A special court here today remanded Vipul Ambani, the president (finance) of Nirav Modi’s Fire Star Diamond, and five others in CBI custody till March 5 in connection with the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB). The six were arrested yesterday in connection with two FIRs registered by the CBI involving Modi and his uncle Mehul Choksi, the owner of Gitanjali Gems. The FIRs are related to fraudulent issuance of 150 Letters of Undertaking (LoU), a kind of bank guarantee, worth Rs 6,498 crore and 143…

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