Rupee falls by 24 paise to 86.72 against US dollar
Business Economy
Mumbai, June 19 (UNI) The rupee on Thursday depreciated further by 24 paise to close in red at 86.72, a three-month-low, against the US dollar on sustained demand for the greenback from bankers and importers in view of rise in crude oil prices amidst escalating geopolitical tensions in the Middle East, dealers in Forex market said.
The local currency opened negative at 86.53 against the dollar, down by five paise, as compared to its previous close of 86.48.
The partially-convertible rupee recorded intra-day high and low at 86.48 and 86.90 per USD, respectively, dealers added.
UNI JS SS
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
United News of India
37 minutes ago
- United News of India
Rupee rises by 13 paise to 86.59 against USD
Mumbai, Jun 20 (UNI) Snapping the three day losing streak, Rupee on Friday appreciated by 13 paise to close at 86.59 against the US dollar. Dollar saw relatively weak demand by bankers and importers, after crude oil prices eased, a forex trader said. The rupee opened 9 paise higher at 86.63 against the dollar. It closed the previous session at 86.72. The partially convertible rupee recorded an intra-day high and low of 86.54 and 86.67respectively, dealers added. UNI JS RKM
United News of India
3 hours ago
- United News of India
CREDAI Hyderabad elects New Managing Committee members for 2025-27
Hyderabad, June 20 (UNI) The Confederation of Real Estate Developers Association of India (CREDAI) Hyderabad on Friday announced the appointment of a new managing committee for the period 2025 to 2027, which will be responsible for spearheading and strengthening the CREDAI initiatives in Hyderabad and supporting the development of the sector in the region. N. Jaideep Reddy is the President, B. Jagannath Rao is the President-Elect, and Manoj Kumar Agarwal, Kurra Srinath, K. Anil Reddy and Y. Ravi Prasad are Vice Presidents. Kranti Kiran Reddy K is the General Secretary in the new team. Nitish Reddy Gudoor is the Treasurer and Sanjay Kumar Bansal and Sriram Musunuru are Joint Secretaries. The Executive Committee members are -- Addula Gopal Reddy, Alugubelli Venkat Reddy, B Jaipal Reddy, B Vinod Reddy, C Amarendher Reddy, Kavya Kavuri (the first woman elected as an EC member), N Venugopal, and Susheel Kumar Jain, who will all work together for the betterment of the Hyderabad real estate sector. The new team has adopted the theme of 'Embracing Growth and Innovation' as the core guiding principle for the activities to be undertaken during their tenure. They will focus on forward-looking themes encouraging adoption of new technology and encouraging innovation for smarter construction, adopt sustainable urban development, focus on curated skilling programmes for construction, project management and marketing while expanding real estate activities in the city. The team will focus on enhanced collaboration with the Telangana government, active participation in policy advocacy and promoting 'Brand Hyderabad' to strengthen the city's reputation as India's most dynamic real estate destination. Outlining the agenda of the new Managing Committee, newly elected President Jaideep Reddy, said, "As the city expands in all directions, driven by global capability centers (GCC), infrastructure upgrades, and a maturing real estate landscape, we are witnessing a clear shift toward premium living and sustainable development. CREDAI Hyderabad will continue to be a catalyst in this journey—by supporting homebuyers with trust, transparency, and timely delivery. We will empower the developers through proactive engagement, policy support, and skilling of manpower with future-ready solutions. With 'Embracing Growth and Innovation' as our guiding theme, we are committed to encourage adoption of new systems for construction and shaping a resilient, high-growth future of the Real Estate Sector in the city that leaves no one behind." 'The reports from all consultants and research agencies confirm Hyderabad's fundamentals are strong, marked by rising office space absorption and growing demand for larger, high-quality homes. CREDAI Hyderabad will continue to champion RERA compliance, advocate for ease of doing business, and collaborate with the government to build not just homes—but legacies," he added. Newly-elected General Secretary Kranti Kiran Reddy K, said, "The Hyderabad residential market is demonstrating renewed strength, with over Rs 4,000 crore in registrations in May 2025 — driven by a noticeable 37% rise in high-end home sales. This reflects growing buyer confidence and a shift toward premium and lifestyle-focused living. At CREDAI Hyderabad, we see this as an opportunity for growth and support this upward trend through continued policy advocacy, transparent processes, and enhanced adoption of new mechanisms and digital platforms—ensuring sustainable growth and investor trust across all segments." UNI KNR RN
India Gazette
6 hours ago
- India Gazette
Indian coffee exports continue to grow in FY25-26 with 25 pc growth: Coffee Board
New Delhi [India], June 20 (ANI): India's coffee exports are off to a robust start for the 2025-26 fiscal year, showing over 25 per cent growth so far. This strong beginning follows a successful previous fiscal year, as per data released by the Coffee Board of India. In FY2024-25 the exports witnessed a rise of 40.20 per cent to stand at USD 1803 million (Rs 15292 crores), as compared to USD 1286 million (Rs 10645 crores) in FY2023-24. The report also highlighted that, India's coffee sector is demonstrating robust growth and a strong commitment to sustainability. India stands as the world's seventh-largest coffee producer, contributing 3.5 per cent to global production, and the fifth-largest exporter, accounting for 5 per cent of worldwide coffee exports. Additionally, the Coffee Board is actively promoting Indian coffees globally through various initiatives. These include organising buyer-seller meets, aggressive overseas promotional activities for 13 regional coffees and 3 speciality coffees, and securing Geographical Indication (GI) tags for 5 regional and 2 speciality coffees. Digital media campaigns emphasize the unique characteristics of Indian shade-grown, hand-picked, and sun-dried coffees. Domestically, the Coffee Board is boosting pure coffee consumption through various platforms, including e-commerce giants like ONDC, Amazon, and Flipkart, the report said. Furthermore, the establishment of the Atal Incubation Centre - Central Coffee Research Institute - Centre for Entrepreneurship Development (AIC-CCRI-CED) in Bengaluru underscores the commitment to supporting coffee-related startups and fostering innovation in the sector. This centre has already nurtured 63 startups and trained over 3,000 individuals through various skill development programs. The Indian coffee sector's focus on sustainable practices, coupled with strong export performance and strategic promotional efforts, positions it for continued growth and global recognition. (ANI)
