Business and Economy

Monday, November 29, 2021No proposal to recognise Bitcoin as a currency: FM

New Delhi: The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday.
She also informed the House that the government does not collect data on Bitcoin transactions.
Whether the government has any proposal to recognise Bitcoin as a currency in the country, the Finance Minister said “No, sir”.

 

Friday, November 26, 2021Rupee plunges by 37 paise against dollar on new COVID variant worries

New Delhi, Nov 26: The rupee on Friday plunged by 37 paise against the US dollar as investors turned cautious in view of massive selloffs in domestic equities and worries over a new variant of COVID-19.
At the interbank foreign exchange market, the local currency opened at 74.60 and witnessed an intra-day high of 74.58 and a low of 74.92 against the US dollar in day trade.
The local unit settl

 

Thursday, November 25, 2021Rupee declines 12 paise to 74.52 on month-end dollar demand

Mumbai,Nov 25: The rupee declined by 12 paise to close at 74.52 against the US currency on Thursday amid month-end dollar demand and foreign fund outflows from equity and debt markets.
At the interbank foreign exchange market, the local currency opened at 74.55 and witnessed a high of 74.47 and a low of 74.58 against the US dollar.
The local unit finally settled at 74.52, down 12 paise over it

 

Thursday, November 25, 2021Gold rallies Rs 195; silver climbs Rs 569

Jammu, Nov 25: Gold rallied Rs 195 to Rs 46,625 per 10 gram in the national capital on Thursday in line with gain in international precious metal prices and rupee depreciation, according to HDFC Securities.
In the previous trade, the precious metal had settled at Rs 46,430 per 10 gram.
Silver also jumped Rs 569 to Rs 61,763 per kg from Rs 61,194 per kg in the previous trade.
The Indian rupee d

 

Thursday, November 25, 2021Sensex up marginally by 23 pts

Mumbai, Nov 25: The BSE Sensex on Thursday rose by 23 pts to open at 58,363.93 as buying was seen in Energy, IT and Telecom stocks.

The Nifty was flat at 17,417.30, up by two pts.

The Sensex registered days high and low at 58,439 and 58,199.49 pts respectively.

The Nifty recorded days high and low at 17,454 and 17,375.05 pts respectively.


Out of 30 scrips, 11 advanced while 19 decli