Rupee hits fresh 10-week high of 49.31 against dollar
Mumbai: The rupee on Friday zoomed by 77 paise to close at a near 12-week high of 49.31/32, driven by strong capital inflows into rising local stock markets.
Forex dealers said sustained dollar selling by exporters amid weakness in the US...
US military prepares to shed 100,000 troops
The US military would lose 100,000 ground forces, mothball ships and trim air squadrons under proposed cuts that would reduce defence spending by $487 billion over the next 10 years.
The planned cuts are part of a major strategic review which will...