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Rupee trades lower at 69.74 per dollar

By HUBLI SBI -
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Rupee trades lower at 69.74 per dollar The Indian rupee is trading lower at 69.74 per dollar versus previous close 69.67. On Monday the rupee ended 32 paise lower at 69.67 against the US dollar on the back of surge in crude oil prices. The dollar-rupee April contract on the NSE was at 69.71 in the previous session. April contract open interest increased 7.23% in the previous session, said ICICIdirect. We expect the USD-INR to meet supply pressure at higher levels. Utilise the upsides in the pair to initiate short positions, it added.
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Reliance Jio Prime membership ends tomorrow: Here’s what it means

By HUBLI SBI -
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Reliance Jio Prime membership ends tomorrow: Here’s what it means Reliance Jio Prime programme, which was announced by the company last year, will come to an end on March 31 2018. Jio has not yet made official whether it will continue the Prime membership programme or roll out an alternative post the validity period. We can expect the company to extend Prime benefits for another year at a slightly increased price than Rs 99, but that is just a speculation at this point. Reliance Jio Prime membership gives extra data benefits to users, when compared to non-Prime members. Jio prepaid and postpaid users can choose to become a Prime member by paying Rs 99. However, all of the company’s data plans are listed for Prime members, which makes it mandatory to avail the membership. All Jio users get access to free voice calls as well as SMS and Jio’s suite of apps like MyJio, Jio Money, Jio Cinema, and more. For those who are not a Jio Prime member, the membership costs Rs 9...
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