LATEST FINANCIAL NEWS

Rupee leaps from life low to snap weeks of decline despite global headwinds Forex: The rupee staged a spirited recovery from its life-time low to end higher by a whopping 24 paise at 69.91 against the US currency in a highly volatile week on bouts of dollar selling by exporters and corporates. After a seemingly endless stream of gloomy news and falling values, sentiment has finally started to show signs of improvement globally against the backdrop of the upcoming visit of Chinese delegates to the US in order to re-ignite trade talks. Easing contagion risk on emerging-market currencies after last weeks carnage also added a positive vibe on the trading front. The domestic currency larely withstood the headwinds of surging crude prices and trade deficit worries. The benchmark B

from Finance https://ift.tt/2o9vGpl