The rupee recovered from its lowest level and appreciated by 8 paise to 84.38 against the US dollar in early trade on Monday despite a stronger American currency and sustained outflow of foreign funds. Lower level of crude oil prices in the international market supported the recovery of local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 84.42.
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India Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age, gender and marital criteria as well as the manufacturer’s name in job advertisements, according to three people familiar with the matter and almost a dozen ads reviewed by Reuters.
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NBCC‘s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back. The NBCC Analyst: Analysts at Nuvama upgraded the stock’s rating to “buy” from “hold” with a price target of ₹133. The target indicates an around 47% upside from the stock’s last closing price of ₹89.90.
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