business
Rupee up 22 paise against dollar in early trade
The rupee today appreciated by 22 paise to 60.88 against the dollar in
early trade at the Interbank Foreign Exchange, mainly due to dollar
selling by exporters.
A higher opening in the domestic equity market and a weak dollar against other overseas currencies also supported the gain in rupee, forex dealers said.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
A higher opening in the domestic equity market and a weak dollar against other overseas currencies also supported the gain in rupee, forex dealers said.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
NSEL forms settlement panel; to prepare payment plan by Aug 14
The National Spot Exchange Ltd (NSEL), which faces a risk of default
after suspending trade, today said it has formed an independent
committee to advise and monitor settlement of trade amounting to about Rs. 5,500 crore.
NSEL will come out with the settlement plan by August 14, Jignesh Shah, chairman and managing director of Financial Technologies India Ltd (FTIL), one of the promoters of NSEL, told reporters here.
NSEL will come out with the settlement plan by August 14, Jignesh Shah, chairman and managing director of Financial Technologies India Ltd (FTIL), one of the promoters of NSEL, told reporters here.
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