The combined operating profits of scheduled Indian carriers in 2018/19 turned red for the first time since 2015/16. However, it should be noted that while many private airlines started their operations during this period, some of them shut too

The Indian rupee opened 24 paise down at 71.36 against the American currency on Thursday after the US Federal Reserve cut its benchmark interest rate.

At the interbank foreign exchange the rupee opened at 71.47 then gained further ground and touched a high of 71.43, registering a rise of 35 paise over its previous close.

Several factors such as weak rupee, rising crude oil prices, the outcome of FOMC meet (Federal Open Market Committee) has increased uncertainty and dampened investor sentiment.

According to industry experts, the rising price of crude post the attack will deplete the country's foreign currency reserves and widen the fiscal deficit gap, while it fuels inflation in the domestic market

The rupee opened on a cautious note and fell 28 paise to 71.88 against the US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas.

Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves

If the bank maintains its June quarter loan growth rate of 21 per cent in the ongoing quarter as well, which analysts see quite likely, it will race past the Rs 1-lakh-crore milestone by the month-end itself

Over the last decade, the Rs 152 lakh crore banking industry witnessed four big mergers - two each in the public and private banking space.

Domestic markets will remain closed on September 10 on account of Moharram. There will also be no trading activity in the bond, commodity, forex, money and bullion markets today

The rupee appreciated by 14 paise to 71.58 against the US dollar in early trade on Monday as China's easing move and rate cut hopes by the US Fed enthused investors.