Rupee falls 9 paise to close at all-time low of 83.35 against dollar
November 20th, 2023 19:27
At the interbank foreign exchange market, the local unit opened at 83.25 and settled at its lifetime low level of 83.35 against the dollar, registering a fall of 9 paise from its previous close. On Friday, the rupee settled at 83.26 against the American currency. Earlier, the rupee closed at its lowest level of 83.33 against the dollar on November 13, this year.
Moody’s revises up SoftBank outlook to stable after Arm IPO
November 20th, 2023 19:27
SoftBank, which floated a little less than 10% of Arm shares in the IPO, had ¥6.7 trillion ($45 billion) in cash and cash equivalents as of end-September. That cash pile’s prompted a flurry of new investments by SoftBank’s billionaire founder Masayoshi Son, as well as talks with OpenAI’s ousted co-founder Sam Altman about helping to fund a possible chip startup.
UK PM Rishi Sunak hits inflation target amid Suella Braverman#39;s scathing attack
November 20th, 2023 19:27
The British Indian leader, who undertook a surprise Cabinet reshuffle earlier this week starting by sacking Suella Braverman for repeated insubordination, firmly declared that he will stay the course a day after his former Cabinet minister unleashed a scathing attack on his leadership in a very public three-page letter.
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