Currency watch: Rupee sinks 47 paise to close at 88.69 against dollar; Fed’s hawkish tone, weak markets weigh on sentiment

The rupee slumped 47 paise to end at 88.69 against the US dollar on Thursday, pressured by a stronger greenback, weak domestic equities, and hawkish commentary from the US Federal Reserve that dented global risk appetite.Traders said the local unit came under sustained pressure through the session amid month-end dollar demand from oil marketing companies…

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US markets today: Wall Street drifts near record highs as Big Tech results; Trump-Xi trade talks pull investors in both directions

US markets ended mixed on Thursday, with investors juggling upbeat and cautious signals from Big Tech earnings and renewed optimism around US-China trade ties.The S&P 500 slipped 0.2% from its all-time high earlier this week, while the Nasdaq composite lost 0.6%. The Dow Jones Industrial Average, however, gained 199 points, or 0.5%, by mid-morning trade,…

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Groww IPO: GMP hints at double-digit listing gains; will the fintech unicorn’s debut ride investor optimism?

Online brokerage Groww is gearing up for one of the most closely watched listings of 2025, as investors eye the Bengaluru-based fintech’s upcoming public issue amid a buoyant primary market. The company’s grey market premium (GMP) of Rs 10.5 suggests potential listing gains of around 10.5% over the upper end of its Rs 95–100 price…

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8th Pay Commission: What will be the fitment factor and how will central government employees’ new salary levels be calculated? Explained

8th Pay Commission Salary Calculation 8th Pay Commission salary hike calculation: Central government employees and pensioners can soon look forward to getting higher salaries and pensions respectively, with the Terms of Reference for the 8th Central Pay Commission being approved by the Cabinet this week.The 8th Central Pay Commission has been tasked with submitting a…

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