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Rupee declines by 8 paise against US dollar in early trade

Rupee-dollar sign
Mumbai, Dec 27: The Indian rupee fell by 8 paise to Rs 52.79 per US dollar in early trade on the Interbank Foreign Exchange today, weighed down by a lower opening in the domestic equity market.

The domestic currency had notched up a gain of 25 paise to close at Rs 52.71/72 against the dollar in the previous session on fresh dollar-selling by exporters amid a smart rally in domestic equities.

Dealers said apart from the lower opening in the equity market, some dollar demand from importers put pressure on the rupee. However, euro gains against the American currency limited the losses, they said. The BSE Sensex fell by 33.51 points, or 0.21 per cent, to 15,937.24 in opening trade today.

PTI
Topics: trade, mumbai

Japan, India to push ahead with 3 infrastructure projects

Tokyo, Dec 25: India and Japan are set to push ahead with three major infrastructure projects on solar power, seawater desalination and gas-fired energy production during the upcoming visit of Prime Minister Yoshihiko Noda to New Delhi. The projects will be involving Japanese companies and are part of a bilateral initiative agreed in 2006 to build a freight railway linking Delhi and Mumbai and industrial complexes along the rail corridor, known as "the Delhi-Mumbai Industrial Corridor," officials were quoted as saying by Kyodo.....

Indo-Aus ties touch new high with end of uranium irritant

Melbourne, Dec 25 :  Australia took a leap forward in pushing its relationship with India to a new high by reversing a long-standing ban on the export of uranium to it despite domestic opposition, paving the way for removal of a major irritant in bilateral ties. The bold decision by Prime Minister Julia Gillard came despite strong protests within her Labor party, but she pushed the move, saying it move would help Australia take advantage of the "Asian century". "We are.....
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