Rupee up by one paise against USD
Mumbai, June 5 (UNI) Rupee on Monday appreciated by one paise to close at 85.62 tracking muted moves in Asian peers, even as the dollar weakened ahead of closely watched trade talks between the U.S. and China, the trader said
At the interbank foreign exchange, the domestic unit opened at 85.61 against the greenback
The partially convertible rupee recorded intra-day high and low at 85.60 and 85.73, respectively, dealers added.
UNI JS BD
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
United News of India
32 minutes ago
- United News of India
Notwithstanding Kabir Jayanti holiday, Punjab power demand scales record high
Chandigarh, Jun 11 (UNI) Notwithstanding a government holiday on Wednesday on account of Kabir Jayanti, power demand in Punjab scaled to a record high of 16836 Mega Watt due to sweltering heat coupled with paddy load. The Punjab State Power Corposation Limited (PSPCL) was drawing over 10,243 MW from the northern grid while its own gross generation was 6600 MW. All the thermal units are operating today. Even hydel plants are running, including four Ranjit Sagar units. At the time of record demand, PSPCL's own thermal generation was 2020 MW, and private thermal generation was 3192 MW. PSPCL's hydro generation was 950 MW and solar generation was 395 MW. On Tuesday, Punjab's electricity demand soared to a record-breaking 16,249 MW, surpassing the previous year's peak of 16089 MW recorded on June 29 However, if the current weather pattern persists, the maximum power demand in Punjab could potentially exceed 17000 MW in the coming days. PSPCL claims it is prepared to take additional measures, including importing more power and optimizing local generation, to meet this anticipated demand. The drawing limit from the northern grid is 10400 MW and its own maximum power availability may be around 6600 MW under ideal conditions. On Tuesday, PSPCL supplied 3383 lakh units with maximum demand of 16246 MW. On Monday PSPCL supplied 3295 lakh units with maximum demand of around 15640 MW. After an unusually cool summer in early June, the return of summer heat wave temperature is touching 44 degree celcious and the power demand has started rising sharply for the last three days. The coal stock at thermal plants in the state and power sector is sufficient. Lehra Mohabbat thermal has 21 days of coal stock, Ropar thermal 34 days of coal stock, and Goindwal 28 days stock. In the private sector Rajpura has 31 days stock and Talwandi Sabo 23 days coal stock. The water level in Bhakra Dam is 1555.4 feet, lower by 28 feet as compared to last year's level of 1584.2 feet. At Ranjit Sagar water level is 506.9 metres as compared to 507.20 metres on the corresponding day. UNI GS XC SSP
United News of India
2 hours ago
- United News of India
Vishweshwar Cooperative Bank gets Scheduled Bank Status
Pune, June 11 (UNI) City-headquartered Vishweshvar Cooperative Bank Ltd has got the Scheduled Bank Status from the Reserve Bank of India. "This underlines the trustworthiness and functioning of the bank and we stand committed to keep doing our best. With this Vishweshwar Cooperative Bank has becomes the 50th cooperative bank from the country and the 3rd Bank from the city of Pune to get this status of a Scheduled Bank from the RBI," informed Anil Gadve, Chairman of the Bank during a Press Conference today. Rajendra Mirje, Vice Chairman, and Shriram Apte, CEO of the Bank, were present on the occasion. The Bank has been giving 10 percent dividend to its members since the past many years. The Vishweshwar Bank has been consistently following the RBI guidelines of "Financially Sound and Well Managed" (FSWM), he said. UNI SP RN
Mint
3 hours ago
- Mint
Chanel's CEO Leena Nair awarded UK's Commander of the British Empire honour for leadership in retail & consumer sector
Leena Nair (55), Global Chief Executive Officer of fashion giant Chanel, on Wednesday was awarded Britain's Commander of the Order of the British Empire (CBE) honour for her leadership in retail and consumer sector. The British-Indian woman was honoured with the CBE by Prince William, the Prince of Wales, during an investiture ceremony held at Windsor Castle, in Windsor, United Kingdom. 'Leena has built a global reputation for progressive human-centred leadership, delivering holistic business impact for the long-term. Under Leena's leadership, Chanel has continued to drive its brand excellence, enhance client experience, and accelerate its sustainability commitments,' Chanel said in a statement on Wednesday. The award is part of the 2025 King's New Years Honours list which recognises individuals for their distinguished service or achievements in the UK. 'It is an honour to receive this extraordinary recognition. I am deeply grateful for the unconditional support of my family and for the wisdom and generosity of all the people at Unilever and Chanel. I share this honour with all these wonderful people who have accompanied my career journey and shaped my values. I am especially thankful to my amazing team at Chanel, to whom I dedicate this award. This inspires me to continue to lead Chanel with audacity and integrity and to strive to have a positive impact in the world,' Nair said in the statement. Leena Nair at the investiture ceremony held at Windsor Castle, in Windsor, United Kingdom. Leena Nair was raised in Kolhapur, Maharashtra. She lived in India during her childhood and early career. She holds an MBA degree from XLRI Jamshedpur. Leena has been Global CEO at Chanel since January 2022. She had spent 30 years at consumer goods multinational Unilever. At the company, she became the first female, first Asian, and youngest ever Chief Human Resources Officer. She had also served as a member of the Board of the Leverhulme Trust, and as a non-executive director at BT Plc. and the UK government's Business, Energy and Industrial Strategy department.
