Currency Market News: Rupee plunges 84 paise to 85.61 against US dollar amid Indo-Pak tensions

Currency Market News: Rupee plunges 84 paise to 85.61 against US dollar amid Indo-Pak tensions

Rupee fell sharply by 84 paise to close at 85.61 (provisional) against the US dollar on Thursday, as escalating geopolitical tensions between India and Pakistan triggered risk aversion among investors. Forex traders said the domestic currency came under pressure after Pakistan attempted to target several Indian military sites using drones and missiles—a move thwarted by…

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Canara Bank Q4 FY25 Results: PSU lender beats estimates with Rs 5,004 crore profit; Rs 4/share dividend declared

Canara Bank Q4 FY25 Results: PSU lender beats estimates with Rs 5,004 crore profit; Rs 4/share dividend declared

Canara Bank Q4 FY25 Results: Bengaluru-headquartered public sector lender Canara Bank on Thursday reported a net profit of Rs 5,004 crore for the quarter ended March 31, a 33.2 per cent increase over the corresponding period a year ago. The PSU stock jumped immediately after the earnings announcement.    The PSU bank’s net interest income (NII)…

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