The rupee ended lower by 3 paise at 63.87 against the US currency following fresh bouts of dollar demand from importers amid the US political jitters.
The rupee was trading lower by 4 paise at 63.88 against the US dollar on some dollar demand by importers and banks.
The rupee skidded further against the dollar as forex market sentiment took a hard hit on the back of suring global crude prices and growing trade deficit concerns.
The foreign exchange reserves rose by USD 2.7 bn to scale a new life-time high of USD 413.825 bn in the week to January 12, due to increase in foreign currency assets.
The rupee surrendered most of its early gains but managed to end higher by a modest two paise at 63.84 against the dollar in highly volatile trade.
The rupee strengthened by 10 paise to 63.77 against American currency on good bouts of dollar selling by banks and exporters.
Rupee firmed up 16 paise to trade at 63.70 against dollar in opening session, rising for a 3rd straight day on increased selling of the USD by exporters and banks.
Rising for the second straight session, the rupee ended marginally higher by two paise at 63.86 against the American currency.
The rupee pared its early gains, while quoting higher by 2 paise at 63.86 against the US currency on sustained bouts of dollar selling by banks and exporters.
The rupee bounced back in style after a brief overnight crash and ended higher by 16 paise at 63.88 against US currency on bouts of dollar selling by exporters and banks.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)