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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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ISRO Successfully Launches GSAT-6A Communication Satellite

By HUBLI SBI -
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India on Thursday successfully launched the GSAT-6A satellite that would provide mobile  communication facilities, using its heavy rocket  Geosynchronous Satellite Launch Vehicle  (GSLV-F08), in a copybook style. The GSLV-MkII rocket slung the satellite in a geosynchronous transfer orbit (GTO) from where it would be taken up to its final geostationary orbit by three orbit raising manoeuvres. ISRO's scientists at the mission control centre were visibly happy, slapping each others' backs  and hugging each other once the rocket ejected the satellite into the intended orbit. Precisely at 4.56pm, the GSLV rocket ascended into the sky from the second launch pad here at Satish Dhawan Space Centre and the 49.1-metre tall rocket, weighing 415.6 tonnes,  slung the two-tonne satellite into the intended orbit 17.46 minutes into its flight. The purpose of the satellite is to provide mobile communication applications in S-band in five  spot beams an...
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