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Rupee Falls 36 Paise To 90.70 Amid US-Iran Tensions, Rising Crude
abplive63d ago

Rupee Falls 36 Paise To 90.70 Amid US-Iran Tensions, Rising Crude

The rupee declined 36 paise to settle at 90.70 (provisional) against the US dollar on Friday, weighed down by geopolitical uncertainty over the US-Iran talks, and a sharp rise in global crude oil prices.The currency gained in the first half of the session after the Reserve Bank announced a status quo on key lending rates; however, sustained foreign fund outflows pressured the local unit, forex traders said.At the interbank foreign exchange, the rupee opened at 90.28 against the greenback and oscillated between the high of 90.18 and the low of 90.83 during the session. It eventually settled at 90.70 (provisional), down 36 paise from its previous close.On Thursday, the rupee appreciated 13 paise to close at 90.34 against the US dollar."The rupee rose in the first half of the day as the Reserve Bank of India left the repo rate unchanged at 5.25 per cent, in line with expectations. However, the rupee lost initial gains amid geopolitical uncertainty over US-Iran talks," Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.He said that heightened geopolitical uncertainty may lead to risk aversion in the global market.However, optimism over the India-US trade deal and fresh FII inflows may support the rupee at lower levels," Choudhary said, and projected the USD-INR spot price to trade in a range of Rs 90.40 to Rs 91.20.Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent lower at 97.81.Brent crude, the global oil benchmark, was trading 1.38 per cent higher at USD 68.48 per barrel in futures trade.On the domestic equity market front, Sensex climbed 266.47 points to settle at 83,580.40, while the Nifty advanced 50.90 points to 25,693.70.Foreign Institutional Investors turned net sellers after two days and offloaded equities worth Rs 2,150.51 crore on Thursday, according to exchange data.(Disclaimer: This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

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February 2026 Google update skips Pixel 6 and 7
notebookcheck63d ago

February 2026 Google update skips Pixel 6 and 7

Google’s February 2026 Pixel update is a security-only release with one high-severity Pixel-specific fix. The Pixel 6 and Pixel 7 series appear to be excluded again, prompting fresh questions about update cadence.

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The Human Side of Transport
hellenicshippingnews63d ago

The Human Side of Transport

Transport is often discussed in terms of scale, systems, and speed. This sector is where efficiency is paramount, and yet, with the ever-present influence of tech and automation, the role of human psychology is often overlooked. Despite automation’s takeover, transport is still a human industry. From decision-making, risk perception, to team dynamics, the role of ...

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Why budget Galaxy phones still have thick display chins
sammobile63d ago

Why budget Galaxy phones still have thick display chins

Have you ever wondered why Galaxy smartphone display bezels become less uniform the further down the price ladder you go? Is it an intentional design choice meant to widen the gap between cheap and premium phones? Or some kind of quiet conspiracy to nudge buyers toward pricier models? Well, no. There are a couple of [...]The post Why budget Galaxy phones still have thick display chins appeared first on SamMobile.

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In Tampa Bay, a proposed cruise port reignites an old Florida battle
orlandosentinel63d ago

In Tampa Bay, a proposed cruise port reignites an old Florida battle

A proposed new cruise port near Tampa has become the latest symbol of a quintessential tension in this rapidly developing state: The promise of jobs and more tourism money is colliding with fears over the environmental degradation that could come at the expense of growth.

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