• The rupee on Monday (November 25, 2019) fell 2 paise to 71.73 against the US dollar in early trade, amid increased demand for the greenback by banks and importers.
  • Steps taken by the government and lenders to address the stress in the power generation sector are starting to show results, with as many as 11 coal-based projects with combined capacity of 12.7 giga watt (GW) finding resolution and going on stream over the last six months. Another six stuck projects (total capacity 7.8 GW) too, are seen coming out of the abyss soon.
  • The coal ministry has asked state-owned CIL to either expedite the operationalisation of 110 additional blocks allotted to it or return the mines to the government, an official said. The coal ministry recently enquired from the PSU about the operational status of the additional blocks allotted to it, and whether extraction from these coal blocks is techno-economically feasible, the official added.
  • Japan has raised concerns over an on-going anti-dumping investigation by India on import of certain steel products from the country and has asked Indian authorities to evaluate all “relevant economic factors’’ before taking a decision.

Sajjan Jindal, chairman, JSW Group told that the steel industry is seeing the green shoots and demand is coming back. Since the steel prices are quite benign and globally steel prices have started moving up, there is a hope that India will also follow the suit.

  • The Indian rupee pared initial losses to settle 5 paise up at 71.76 against the US dollar on Thursday (November 21, 2019) on robust foreign fund inflows and softening crude oil prices.