Rupee appreciates to 46.69 against dollar

The rupee appreciated by four paise to 46.69 against greenback on mild selling of dollars.

The rupee appreciated by four paise to 46.69 against the greenback in morning trade on mild selling of dollars from banks on hopes of capital inflow.

The Indian currency had slid two paise in early trade at 46.75 against the US dollar.

At the Interbank Foreign Exchange (Forex) market,the domestic unit opened steady at 46.72/73 per dollar against last weekend’s close of 46.73/74 but edged up to 46.69 before being quoted at 46.73/74 at 1030 hours.

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The Indian benchmark Sensex was down over 95 points or or 0.59 per cent in opening trade on Monday.

Meanwhile,crude oil rose in Asian trade on Monday as investors returned to the market after a massive sell-off triggered by weak US jobs data and debt woes in the euro zone,analysts said.

New York’s main futures contract,light sweet crude for delivery in March,climbed 49 cents to USD 71.68 a barrel.

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Mehul Choksi faces setback as Belgian court finds arguments against extradition irrelevant

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The Belgian government cannot extradite him without being held internationally liable; there is a violation of his right to a fair trial; and there are indications that he is subject to a political trial—these were some of the key points that Mehul Choksi, the fugitive diamond trader wanted in India for the alleged Rs 13,000 crore Punjab National Bank (PNB) loan fraud case, made before a court.

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