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Rupee recovers against dollar as crude oil prices fall further

Thursday, December 20, 2018, 6:47 PM

The Indian rupee on Thursday rebounded from its morning lows and gained for a fourth session against the US dollar after crude oil prices fell over 2% amid worries about oversupply and the outlook for the global economy. At 1.21pm, the home currency was trading at 70.07 a dollar, up 0.49% from its Wednesday's close of 74.22. Earlier, the rupee opened 0.4% lower.
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Rupee, bond prices gain after oil hits one-year low

Tuesday, December 18, 2018, 7:48 PM

The Indian rupee and bond prices gained after crude oil prices fell to a-14-month low, easing worries of fiscal slippage and higher inflation. The rupee hit a-two-week high and gained 1.57%, its biggest single-day gain in five-years, while 10-year bond prices touched a-fresh eight-month high. India's trade deficit narrowed to $16.7 billion in November from $17.1 billion a-month-ago mainly due to a-sharp-fall in crude-oil-prices.
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Sebi may reopen insider trading case against Sun Pharma

Saturday, December 1, 2018, 8:07 PM

Markets regulator Sebi is likely to reopen an insider trading case against Sun Pharmaceutical Industries as well as probe alleged lapses by some of its promoters and other entities in raising funds overseas, sources said. The development comes after a whistleblower reportedly approached Sebi with a document alleging various irregularities by the company, its promoter Dilip Shanghvi and others, they added.

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