The rupee on Wednesday (24 June) gained 26 paise to 59.50 in early trade at the Interbank Foreign Exchange market on fresh dollar selling by exporters after the RBI announced additional measures to arrest the local currency's slide. Forex dealers said additional tightening measures announced by the RBI last night to contain excessive speculation and volatility in the foreign exchange market, supported the local currency.RBI has reduced the liquidity adjustment facility (LAF) for each bank from 1 per cent of the total deposits to 0.5 per cent, thus limiting the access to borrowed funds from the central bank. Read: Rupee Keeps Govt HangingIn another measure to suck out liquidity from the system, RBI has asked banks to maintain higher average CRR (cash reserve ratio) of 99 per cent of the requirement on daily basis as against earlier 70 per cent. CRR is portion of deposits that banks are required to keep with RBI.The rupee had lost four paise, to close at 59.76 against the dollar yesterday on sustained demand from importers and a rise in the US currency overseas.Sensex Down 76 Pts In Early Trade; Banks HitSnapping its five-day rally, the Bombay Stock Exchange (BSE) benchmark Sensex on fell nearly 76 points in early trade pulled down by financial sector stocks, including ICICI Bank and HDFC Bank, after the RBI announced additional liquidity tightening measures to check rupee slide.The 30-share barometer fell by 75.94 points, or 0.37 per cent, to 20,226.19 with banking, realty and consumer durables leading the fall. The index had gained over 451 points in the past five sessions. The wide-based National Stock Exchange index, Nifty shed 38.20 points, or 0.63 per cent to, 6,039.60.Brokers said fresh round of selling by participants after the RBI last night announced additional liquidity tightening measures to check rupee slide mainly dampened the trading sentiment.The BSE banking index suffered the most by falling 3.16 per cent to 12,424.40 points as stocks of SBI fell by 2.10 per cent to Rs 1,822, ICICI Bank by 2.97 per cent to Rs 960.40, HDFC Bank by 2.57 per cent to Rs 665.20 and Yes Bank by 4.44 per cent to Rs 419.25.In the Asian region, Hong Kong's Hang Seng index traded lower by 0.35 per cent, while Japan's Nikkei Index shed 0.58 per cent, in early trade.The US Dow Jones Industrial Average, however ended 0.14 per cent higher in yesterday's trade. PTI SUN(PTI)
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Virtual Reality (VR) is making major inroads in the Indian real estate landscape and is expected to gain traction further in the coming years. Several leading real estate agencies in India have embraced VR technology to gain a competitive edge in the market. VR has the potential to transform customer engagement profoundly and take businesses to new heights. As technology evolves, Millennials are becoming more attuned to this sophisticated technology, which is why real estate companies in India are becoming more proactive in seizing this golden opportunity. Let's now have a look at the five companies that are revolutionizing the real estate sector in India with VR technology:
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Many phones are available with many features. Here we have a list of 5 best phones with the best dual camera under 20,000.
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List of Top 5 Electric Vehicle Manufacturers in India who are making waves in this segment
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Many successful entrepreneurs had to step down in the face of a controversy. Let us have a look at some of the successful entrepreneurs who had controversial exits
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Hatchbacks are smaller cars usually intended for economical & convenient city driving around congested roads. The idea of taking a regular family hatchback and turning it into a performance car has been very popular all over the world. Indian car market has always been about fuel efficiency and Price. But slowly the trend of hot hatches is building up. The popularity of regular hatchbacks with extra power and better handling has made car makers offer models packing quite a punch under the hood. We have hatchbacks which can make the dash to a ton in less than 10 seconds which was the criteria taken into consideration while compiling this list of the 5 fastest hatchbacks in India for our readers
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SUVs have taken the world by storm and this breed’s popularity is showing no sign of stopping. Just about every segment of car has an SUV version these days. When it comes to the high-performance end of the market it's no different – these family-friendly cars have the power to give more purpose sports cars a run for their money. Here are the top 5 Super Exotic SUVs to look out for.
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Asus Zenfone 5z is a new contender in the race of becoming the best smartphone in India's affordable high-end smartphones category. With price starting from Rs 29,999, Asus Zenfone 5Z is the brand’s latest flagship offering in the Indian market which is packed with Qualcomm Snapdragon 845, AI-backed dual rear cameras, 19:9 ratio display with 90 percent screen-to-body ratio, Android 8.0 Oreo
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Vivo Nex, an all-screen phone without a notch and minimal bezels has been recently launched in India. In order to minimize bezels, Vivo has opted for motorized selfie camera that pops out whenever you want to click a selfie. Vivo has also ditched the traditional earpiece and instead uses Screen SoundCasting technology and turns the display into a speaker. So, after innovating the earpiece and front camera design, Vivo has achieved ultra-slim bezels.
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The new Samsung Galaxy Burgundy Red is a definite show stopper. It not only lets consumers make a style statement, but also takes elegance and gorgeousness to an entirely new pedestal. Priced at Rs 45,990, the limited edition handset is also available with additional cashback of Rs 10,000 through Paytm Mall.
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