New Delhi Feb 24 PTI The Indian government has refunded Rs 7900 crore to Britains Cairn Energy Plc to a dispute over levy of retrospective taxes Cairn which is now known as Capricorn Energy Plc in a statement said the tax refund has been paid and net proceeds of USD 106 billion have been received PTI ANZ ANZ ABM ABM

Mumbai Jan 19 PTI The Indian rupee snapped its three-day losing streak to settle 14 paise higher at 7444 against the US dollar on Wednesday in line with positive Asian peers against the greenback The rupee gain however was restricted by a host of factors including weak domestic equities surging crude oil prices and sustained selling by FIIs in domestic markets At the interbank foreign exchange market the rupee opened lower at 7470 a dollar registering a decline of 12 paise from the last close During the day it pared losses and witnessed an intra-day high of 7432 The domestic unit finally settled at 7444 against the American currency up 14 paise over its last close On Tuesday the rupee slumped by 33 paise to close at a two-week low of 7458 against the US dollar The Indian rupee gained the most in a week following stronger regional currencies Domestic bond markets saw a recovery on suspected intervention by the central bank which helped in rupee recovery said Dilip Parmar Research Analyst HDFC Securities Also the relentless selling of dollars from corporates caused speculative unwinding of positions Parmar said Spot USDINR is expected to consolidate within the 7425 to 7480 band in the coming days he added Rupee traded volatile with weak opening trend in morning session and picked up strength later taking support near 7460 and thereafter rallied towards 7440 on the back of weakness in the dollar Jateen Trivedi Senior Research Analyst at LKP Securities said Technical resistance for USDINR also supported rupee from 7460 where it has shown resistance to cross earlier in Jan 2022 start and going ahead market shall be in range of 7425-7460 he added Meanwhile the US dollar index which measures the greenbacks strength against the basket of six currencies fell 011 per cent to 9562 Brent crude futures the global oil benchmark jumped 094 per cent to USD 8833 per barrel Foreign institutional investors remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 125495 crore as per stock exchange data On the domestic equity market front the BSE Sensex ended 65604 points or 108 per cent lower at 6009882 while the broader NSE Nifty declined 17465 points or 096 per cent to 1793840 PTI DRR BAL MKJ

Mumbai Dec 29 PTI The Indian rupee was trading in a narrow range in morning trade on Wednesday as muted domestic equities and firm crude oil prices weighed on investor sentiments At the interbank foreign exchange the rupee started on a tepid note at 7469 against the dollar It traded in a narrow band of of 7468 to 7476 in initial deals On Tuesday the rupee registered its ninth straight session of gain and surged 30 paise to close at a one-month high of 7470 against the US dollar On the domestic equity market front the 30-share Sensex was trading 7475 points or 013 per cent higher at 5797223 while the broader NSE Nifty inched higher by 1315 points or 008 per cent to 1724640 Forex traders said trading is likely to remain range-bound this week ahead of the year-end holidays The dollar index which gauges the greenbacks strength against a basket of six currencies fell by 002 per cent to 9618 Global oil benchmark Brent crude futures advanced by 020 per cent to USD 7910 per barrel Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 20731 crore as per stock exchange data PTI DRR RAM

Mumbai Nov 24 PTI The Indian rupee recovered its initial losses and settled 2 paise up at 7440 against the greenback on Wednesday as exporters dollar sales helped offset elevated crude oil prices Investors also awaited the minutes of the latest Federal Reserve meeting forex traders said At the interbank forex market the local unit opened on a weak note at 7453 against the US dollar and witnessed an intra-day high of 7431 and a low of 7454 Snapping its three-day losing run the domestic currency finally ended at 7440 registering a gain of just 2 paise over its previous close of 7442 According to Emkay Global Financial Services the forex market is stuck in a lacklustre trading range with focus being on Fed minutes and a slew of US economic data Only an upbeat data with marginally hawkish Federal Open Market Committee FOMC minutes will bolster the case that the US consumer is in good shape and increase bets for an earlier than expected rate hike appreciating the USD-INR spot it said The dollar index which gauges the greenbacks strength against a basket of six currencies advanced 022 per cent to 9670 Brent crude futures the global oil benchmark fell 024 per cent to USD 8211 per barrel On the domestic equity market front the BSE Sensex ended 32334 points or 055 per cent lower at 5834099 while the broader NSE Nifty fell 8630 points or 05 per cent to 1741505 Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 447706 crore as per exchange data The Indian Rupee ended flat against the US dollar in a choppy trading session as exporters dollar sales helped the local unit offset strong crude oil prices and stronger dollar said Sriram Iyer Senior Research Analyst at Reliance Securities Meanwhile Asian currencies were trading flat-to-weaker tracking the strength of the dollar index Indian government bond yields ended marginally higher on Wednesday The benchmark 610 per cent bond ended at 637 per cent compared to 636 per cent in the previous session Iyer said Investors will be awaiting data from the US side of things including the initial jobless claims US GDP the University of Michigans consumer sentiment index and probably the most important one of them all the PCE price index the most tracked indicator for inflation he added According to Anindya Banerjee DVP Currency Derivatives and Interest Rate Derivatives at Kotak Securities strong corporate inflows were noted and that led to a mild appreciation in the rupee Indian Rupee remains one of the strongest currencies in the world over the month of November thanks to robust IPO flows corporate flows and carry trading interest We expect USD-INR to trade within a range of 7420 and 7460 over the near term Banerjee said PTI DRR ABM ABM

Mumbai Nov 23 PTI The Indian rupee depreciated by 16 paise to 7455 against the US dollar in opening trade on Tuesday as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment At the interbank foreign exchange the rupee opened on a weak note at 7448 then lost further ground and touched 7455 against the American dollar registering a decline of 16 paise from the last close On Monday the rupee had closed at 7439 against the US dollar The dollar index which gauges the greenbacks strength against a basket of six currencies rose by 001 per cent to 9655 According to Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors USD-INR has not been able to cross 7455 But the way the dollar index has risen we should see it rising towards 75 levels with month-end approaching he said Bhansali further noted that the stock markets are in falling mode and the Nifty is expected to go up to 16000 before we start the next bull run Exporters may sell for cash and very far term so that they do not lose out on premiums But may wait for short and medium term for 7500 levels Bhansali said adding that importers are likely to keep hedging every dip near 7420 and 7430 Meanwhile global oil benchmark Brent crude futures declined 045 per cent to USD 7934 per barrel Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 343876 crore as per exchange data On the domestic equity market front the 30-share Sensex was trading 24572 points or 042 per cent lower at 5822017 while the broader NSE Nifty declined 5030 points or 029 per cent to 1736625 PTI DRR DRR ANS ANS

Kanpur Nov 22 PTI The Indian team management in all likelihood will ask the talented Shubman Gill to bat in the middle-order in the upcoming Test series against New Zealand to see if the youngster can take on the attack in the absence of big guns if required It is understood that Shubman has been told that he would batt in the middle-order in the first Test against New Zealand in Kanpur where Ajinkya Rahane will lead the team in the absence of Virat Kohli who is on a break With no Rohit Sharma for the two-Test series it is an ideal opportunity for the team management to check out Gills prowess as a middle-order batter in the long run when both Kohli and Rohit will be back for the South Africa tour KL Rahul as of now is a certainty at the top of the pack and his fine show in England has only reaffirmed his status as one of the most stylish Indian batters in the current team He will open with Mayank Agarwal against the BlackCaps But how would it be to see Shubman in the middle-order Former national selector Jatin Paranjape who was part of the panel that handed a Test debut to Gill in Australia feels that it wont be a very bad idea I am always a believer that rigidity in team selection doesnt help I actually feel that playing Shubman as a middle-order batter will help the team A certain amount of flexibility always helps Paranjape told PTI It is understood that the new selection committee under Chetan Sharma and the current team management feels that they need at least one player in that middle-order apart from Kohli who can take the attack back to the opposition camp Had they included Hanuma Vihari also in the set-up there would have been three players Cheteshwar Pujara Ajinkya Rahane and Vihari -- who play with the same approach If that wasnt enough Indian team also has Wriddhiman Saha who is more of a survivor without a free-flowing game unlike Indias first-choice keeper-batter Rishabh Pant who will also be on a break A batting-order without Rohit Kohli and Pant requires players with intent and there in comes Gill who has a wide range of strokes Having played the new ball he can also be good against the second new ball when the opposition pacers would be tiring The advantage of not having to face Trent Boults incoming deliveries is also likely to work in India and Gills favour The interesting choice will be when Kohli is back at number four in the Mumbai Test and if Gill scores runs and one among Pujara and Rahane fails what are the options present for coach Rahul Dravid Paranjape feels that a specialist opener will not make much of a difference in Indian conditions where there wont be much seam and swing on offer after a certain period of time I dont think in India its going to make a lot of difference because overseas its more of a specialised role opener or middle-order If they use Shubman in the middle-order I believe it will work as the SG ball will lose its shine pretty quickly In fact if you see KL Rahul had batted in the middle-order and had some success early in his career Shubman can replicate that Paranjape explained But wont Gill who has three half-centuries as an opener in his eight Test matches find it difficult to straightaway adjust to his new role When you are a young player the capability to adapt to various roles is much quicker than at later stages of your career when you have already played 50 Test matches said Paranjape who in his time as selector had to extensively deal with explaining the players as to what role the team expects from them The selectors have included Shreyas Iyer as a specialist middle-order batter but the Mumbaikar might have to wait for his Test debut Paranjape feels it should happen in due course of time as a few slots will certainly open up Look sooner or later Cheteshwar and Ajju Rahane wont be playing So two out of three between Vihari Shubman and Shreyas will grab those middle-order slots Even if Shreyas doesnt get an opportunity in this series I wont be very disheartened as his time will certainly come Paranjape added In fact he termed Mayank Agarwal as unlucky to have lost his Test spot in recent times with Rohit and Rahul giving the team great starts in England during the four Test matches Worse even if Mayank does well he will have to sit out when India play the Test matches in South Africa starting December 17 I would say its a bit unfair for Mayank but I wont say that he has been treated unfairly Its just that circumstances are unfair as he has not been able to get a lengthy run because of the amount of white ball cricket we have played in the interim But thats the way it goes he reasoned PTI KHS KHS AT AT

Mumbai Sep 29 PTI Indian left-arm wrist spinner Kuldeep Yadav underwent a knee surgery on Wednesday for an injury that he sustained during the ongoing IPL in the UAE Kuldeep posted the update on his official Twitter page Surgery was a success and the road to recovery has just begun Thank you so much to everyone for your amazing support The focus is now to complete my rehab well and be back on the pitch doing what I love as soon as possible tweeted the 26-year-old On September 27 PTI had reported that Kuldeep sustained a serious knee injury and was likely to miss most of the upcoming domestic season having already come back to India with his IPL campaign cut short The out-of-favour India international who was with Kolkata Knight Riders is expected to go through a long rehabilitation process before attempting a comeback to competitive cricket Yes we got the information that Kuldeep sustained a nasty knee injury during a practice session in UAE Apparently while fielding he twisted his knee and it was really bad at that point a senior BCCI officials had revealed There was no chance that he could have taken any further part and was sent back to India The Kanpur-based cricketer has played seven Tests 65 ODIs and 23 T20Is for a total of 174 wickets across formats He last played for India in Sri Lanka but it was more of a middling performance with best figures of 248 in an ODI game and 230 in a T20 International He played two more games during that tour -- an ODI and a T20I -- in which he went wicket-less PTI NRB PM PM

Mumbai Sep 29 PTI The Indian rupee declined 13 paise to 7419 against the US dollar in opening trade on Wednesday tracking a muted trend in domestic equities At the interbank foreign exchange the rupee opened at 7418 against the dollar then fell further to 7419 registering a fall of 13 paise over its previous close On Tuesday the rupee had settled at 7406 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading down 006 per cent at 9371 On the domestic equity market front the BSE Sensex was trading 30788 points or 052 per cent lower at 5935972 while the broader NSE Nifty declined 8310 points or 047 per cent to 1766550 Meanwhile foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 195770 crore as per exchange data Global oil benchmark Brent crude futures fell 132 per cent to USD 7805 per barrel As the US yields rise dollar index rises and so do oil prices said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors According to Bhansali rupee is expected to remain in the range of 7390 to 7440 Quarter-end selling from IT companies and MSCI rebalancing should come as RBI endures to cap the volatility in the currency he noted PTI DRR DRR ANS ANS

Mumbai Sep 24 PTI The Indian rupee slipped by 4 paise to close at 7368 against the US dollar on Friday following weaker Asian peers against the American currency At the interbank foreign exchange market the local currency opened at 7377 It touched an intra-day high of 7361 and a low of 7378 during the day The rupee finally settled at 7368 against the American currency down 4 paise over its previous close On a weekly basis the rupee depreciated 20 paise against the American currency The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 006 per cent higher at 9314 The Indian rupee depreciated following weakness in Asian peers and rebound in dollar after risk-off moods Markets appear to have taken the decision of Federal Open Market Committee FOMC as hawkish as Treasuries moved higher while risk assets seen long unwinding said Dilip Parmar Research Analyst HDFC Securities According to Sriram Iyer Senior Research Analyst at Reliance Securities The Indian rupee depreciated against the US dollar on Friday on worries over China Evergrande Groups debt crisis impact For the week the local unit weakened by 03 per cent against the dollar amid weak risk appetite and as long-term US yields moved above 14 per cent on anticipation of withdrawal of policy support Iyer said adding that constant inflows from equities ensured that a sharp selloff was contained this week Brent crude futures the global oil benchmark advanced 025 per cent to USD 7744 per barrel On the domestic equity market front the BSE Sensex ended 16311 points or 027 per cent higher at a life-time high of 6004847 Similarly the broader NSE Nifty advanced 3025 points or 017 per cent to close at a record 1785320 PTI DRR MKJ

Mumbai Sep 24 PTI The Indian rupee slipped 4 paise to close at 7368 provisional against the US dollar on Friday following weaker Asian peers against the American currency At the interbank foreign exchange market the local currency opened at 7377 It touched an intra-day high of 7361 and a low of 7378 during the day The rupee finally settled at 7368 against the American currency down 4 paise over its previous close In the previous session on Thursday the rupee had closed at 7364 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading 006 per cent higher at 9314 The Indian rupee depreciated following weakness in Asian peers and rebound in dollar after risk-off moods Markets appear to have taken the decision of Federal Open Market Committee FOMC as hawkish as Treasuries moved higher while risk assets seen long unwinding said Dilip Parmar Research Analyst HDFC Securities Spot USDINR is expected to trade in the range of 7340 to 7395 following month-end dollar demand and risk-off tones Data docket remains light today amid the weekend though plenty of Fed speakers will be on the wire which could bring back volatility in forex markets Parmar added Brent crude futures the global oil benchmark advanced 025 per cent to USD 7744 per barrel On the domestic equity market front the BSE Sensex ended 16311 points or 027 per cent higher at a life-time high of 6004847 Similarly the broader NSE Nifty advanced 3025 points or 017 per cent to close at a record 1785320 Foreign institutional investors were net buyers in the capital market on Thursday as they purchased shares worth Rs 35793 crore as per exchange data PTI DRR MKJ