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Rupee spurts 14 paise vs dollar, takes comfort from stocks

The rupee climbed 14 paise to 64.75 against the US currency today, spurred by positive equities. Banks and exporters chose to kept an arm's length from the dollar. Stock markets continued to show strength that bolstered rupee sentiment, currency traders said. However, the dollar's clout overseas weighed heavy on the domestic unit. Yesterday, the rupee had gained 22 paise to end at a two-week high of 64.89 against the dollar, cashing in on positive sentiment after Moody's upgrade of India's credit rating. Meanwhile, the benchmark BSE Sensex rallied 111.64 points, or 0.33 per cent, to 33,589.99 in early trade.
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Ryanair’s decision to recognise unions for the first time will not alter its profit forecast for the year, chief executive Michael O‘Leary has said.
Conroy Gold and Natural Resources is likely to finally apply next year for planning permission for the establishment of the Republic’s first commercial gold mine.
The promoters of a €90m extension to the Co Wicklow studios where the hit series Vikings is produced say they need to expand to stop revenues from falling.
Qualcomm spent billions of dollars buying Apple’s loyalty.
European stock markets slid at the start of trading Thursday after large drops in Asia and on Wall Street, as investors predict a series of US interest rate rises.
Iran's top nuclear negotiator for its 2015 deal with international powers warned Thursday that the agreement was under threat unless foreign businesses and banks were able to trade freely in the count
Wall Street's main indexes rose Thursday, led by gains in technology and industrial shares as investors looked past fears of more interest rate hikes this year.
French supermarket chain Intermarche faces prosecution over heavy discounts that sparked frenzied scenes as customers jostled to get their hands on cut-price jars of Nutella, anti-fraud authorities sa
Romanians like the smartphones and there are less and less things they would attribute a greater importance than the one of being permanently connected. This is one of the conclusions of the study “
(Reuters) - Ford Motor Co on Thursday named company insider Kumar Galhotra as head of its North American operations, filling the gap left by the abrupt departure of Raj Nair after an internal investi
MANILA, Philippines — Share prices were down anew yesterday, mirroring the decline in US equities, analysts said.
High technology is all the rage in many industries.
MANILA, Philippines — The Bangko Sentral ng Pilipinas(BSP) is expected to increase its interest rates by a total of 50 basis points this year due to inflatio
Despite the rhetoric – and the tweets – Philippine-US relations remain strong and America is open to economic partnerships.
MANILA, Philippines — State-run Land Bank of the Philippines recorded a higher net income of P14.05 billion in 2017, driven by the growth in the bank’s reven
MANILA, Philippines — BDO Leasing and Finance Inc., the leasing and financing arm of BDO Unibank Inc.
MANILA, Philippines — Hyundai Asia Resources Inc.
MANILA, Philippines — The Sy-led SM Investments Corp.
MANILA, Philippines — The National Telecommunications Commission (NTC) has issued the rules and regulations on the re-allocation of the 470–512 Megahertz (MH
MANILA, Philippines — The Energy Regulatory Commission (ERC) has finally acted on expiring and pending contracts of seven power generating companies (gencos)

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