“Today, USDINR pair is expected to quote in the range of 71.05 and 71.50,” Motilal Oswal Financial Services said.

The rupee on Friday hit a fresh record low of 74.48 against the US dollar following sharp sell-off in domestic equities

The rupee fell against the US dollar after the Federal Reserve cut interest rates to near zero per cent in an emergency move amid the economic impact of the coronavirus outbreak.

The rupee on Friday surged against the US dollar following some selling in American currency by banks and exporters.

Forex traders said the rupee which started the day on a positive note, witnessed heavy volatility.

The rupee, which opened on a positive note at 75.90, settled for the day with gains of 78 paise at 75.16 against the American currency.

Forex traders said stimulus measures announced by the RBI and FPIs turning net buyers in capital markets boosted investor sentiment.

Motilal Oswal Financial Services expects the rupee (Spot) to quote in the range of 75.20 and 76.20.

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit.

A 14-count indictment has been unsealed today in San Antonio, Texas, charging five individuals with coordinating an identify-theft and fraud scheme targeting servicemembers and veterans.

Fredrick Brown, 38, of Las Vegas, Nevada, a former civilian medical records administrator for the U.S. Army at the 65th Medical Brigade, Yongsan Garrison, South Korea, admitted yesterday to his role in an identity-theft and fraud scheme that victimized thousands of U.S. servicemembers and veterans.

Using revenue generated by recreation fees Grand Canyon National Park has reopened the South Rim and Desert View entrance stations to provide information and safety messages to visitors.  https://www.nps.gov/grca/learn/news/park-accessibility-possible-with-rec-fee-dollars-and-az-state-support.htm

Portugal is aiming to leap out of their COVID-19 lockdown by launching a series of clean energy projects that could generate 5.5 billion Euro in investment.

The post Portugal Preparing Several Billion-dollar Clean Energy Projects for Post-Coronavirus Future appeared first on Good News Network.

Blackrock, the world’s largest asset management company has pledged to invest its trillions of dollars in capital to maintaining the health of the planet.

The post Trillions of Dollars Now Being Leveraged to Protect the Earth, Thanks to World’s Largest Asset Manager appeared first on Good News Network.

IT'S only rock n roll, but I like it.

Dave Woodhall talks to Andy Fraser, bass player with Free and inadvertent seller of blockbuster films.

The Rockford Area Convention and Visitors Bureau announced Thursday eight new events they call "Big Wins" for the region. Andrea Cook is the associate director of marketing and communication. She said, "'Big Wins' bring big business to the region in a short amount of time." She credited one bowling open and two bowling tournaments for bringing in the most money. "Out of the more than $12.5 million that will come from the eight events, over $10 million of that comes from the three different bowling events we are hosting in 2020 and 2021," said Cook. Other events include The Rock River Tattoo Art Expo , the North American Fastpitch Association, the Illinois Council of Convention & Visitors Bureaus Spring Conference, the Illinois Association Chamber of Commerce Executives Fall Conference, and the Basset Hound Club of America Nationals. Pamela Crawford was there with her husband David Crawford and their two basset hounds, Apple and Ivy. She said, "We are here to promote basset hounds

Editor's note: This is an excerpt of Planet Money 's newsletter. You can sign up here . US Federal Reserve Chairman Jerome Powell ANDREW CABALLERO-REYNOLDS / AFP via Getty Images As the global economy shuts down, the U.S. Federal Reserve has begun sending billions of dollars to central banks all over the world. Last month, it opened up 14 " swap lines " to nations such as Australia, Japan, Mexico, and Norway. A "swap line" is like an emergency pipeline of dollars to countries that need them. The dollars are "swapped," i.e., traded for the other country's currency. The Fed has also started allowing around 170 foreign central banks that hold U.S. Treasury bonds to temporarily exchange them for dollars. Sending billions of dollars abroad in the middle of a historic economic crisis might seem crazy: As America's economy crumbles, why are we moving our precious dollars *out* of the country? The answer has to do with the Fed's unique position in the global economy. Dollars are the lynchpin

The U.S. dollar recovered a bit Friday morning after data showed a slightly smaller than expected drop in U.S. employment in the month of April, although the fall was quite steep and the biggest in several decades.

The U.S. dollar firmed up against its peers amid an escalation in tensions between the U.S. and China after US President Donald Trump and Secretary of State Mike Pompeo accused the Chinese government for the spread of the coronavirus and threatened to retaliate against China.

The U.S. dollar exhibited weakness against its peers on Thursday, reacting to data on private sector employment for the month of April, and unemployment claims in the week ended May 1.

The U.S. dollar gained against most of its rivals on Tuesday, extending recent upside, as risk sentiment improved after several countries across the world started to reopen businesses gradually.

Three more men from different countries are arrested as part of an international investigation into an attempted billion-dollar drug smuggling operation uncovered when a yacht ran aground off the WA coast.

Australia's next generation $20 banknote design continues to feature a portrait of John Flynn who pioneered the world's first aerial medical service in 1928, now known as the Royal Flying Doctor Service.

Local governments have expressed concern about a decision to kill off merger discussions between four Wheatbelt shires.

Semi-retired Keith and Glenda Drake, both in their 80s, will donate the proceeds of their seaside penthouse to help researchers develop a treatment for coronavirus.

Russ French's highly detailed military models have helped secure billion-dollar contracts, with one even landing at the Pentagon. These are no toys.

Over four years, Bobby Singh made more than $2 million in subsidies for students enrolled at this Melbourne training college. It never taught a single class. But it all came undone in one phone call.

Making the right choice in life is never straightforward but is one of the main reasons we find ourselves and each other so fascinating. Three Dollars is the story of Eddie Harnovey, a honest, compassionate man with a brilliant wife, Tanya, and a beautiful, if possibly epileptic, daughter Abbey. Eddie's life revolves around work and the three women in his life; the third is Amanda, a childhood sweetheart who re-appears in his life with mathematical precision every nine-and-a-half years. Eddie has a lovely house in the suburbs, he has a strong moral conscience, he's intelligent and witty, and the world around him is falling apart. On the brink of bankruptcy with just $3 to his name, has he made the wrong choices?Perhaps a large part of the answer lies in the speed with which we live our lives. It is easy to feel sympathy for Eddie as he bemoans the pace of change: "Everything happens too quickly to be understood while it is happening. Analysis is impossible until the event is over."A more likely cause of Eddie's predicament may lie in the fact that his wife is about to lose her teaching position at the university and Eddie, an engineer working for the Department of Environment, has been asked by his wife's former lover to falsify a report to allow a smelting plant to be built by Amanda's father.The depth of these relationships is explored with insight and great wit, unpicking those worries that come to us at night while, like Eddie, we lie and notice (and usually ignore) the cracks and flaking of paint on the bedroom ceiling. For Eddie, it is a time to rank debts and what has become the persistence and tyranny of the day-to-day struggle to financially survive.Three Dollars was written in 1998, but set in the times of Australia's introduction to what the surely misnamed 'economic rationalism'. The obsession with material goods and the soulless never-ending pursuit of profit are both a target for Eddie's scorn as well as a source of hilarious black comedy. Written with great humour and prose which at times may seem just a little too deliberate, Three Dollars is as pertinent today as it was in the 1990s.There are times, however, when the characters' tendency to editorialise or sermonise is a touch overwhelming, even if the sentiments seem sound or relevant to Australian politics today. Take this monologue from Eddie's wife, Tanya:"People's fear of change and their despair at the lack of certainty in any area of their lives, particularly where the social and the personal meet, that is with respect to their jobs and income, if it lasts long enough, will lead them to abandon reason, to be suspicious of it and to look for scapegoats and simplistic solutions. The wisdom or correctness of a government's decision will scarcely be discussed but instead attention will be focused on the strength with which the decision was made, the apparent certainty, the conviction with which it was implemented."Admittedly, Tanya is a university politics lecturer, but the moral hectoring in the novel can easily distract from the plot and soon become tiring.Ignoring the occasional sermon, however, Three Dollars an entertaining read, beautifully written and extremely funny. It sat on my bookshelf for over a decade and was rescued only because the mixed reviews for Perlman's latest novel, The Street Sweeper, made me curious. No ambiguity about Three Dollars though: compelling, dramatic and a disconcertingly humorous reflection of the way so many of us live our lives. In 2005, Three Dollars was made into an Australian movie, starring David Wenham. A superb interpretation of the novel, both film and book are highly recommended.

Nineteen people are facing charges after firewood worth $1 million was allegedly harvested as part of what police are calling a "large-scale wood theft" operation in southern Tasmania.

A proposed $2 billion Indigenous-led coal-fired power station in Collinsville in North Queensland developed by Brisbane-based Indigenous company Shine Energy and headed by traditional Biri man Ashley Dodd is set to revive one of the country's oldest coal towns.

A figure "described inaccurately" is being blamed for an apparent dramatic cost increase on Australia's most expensive defence project in history, the $50 billion Future Submarine program.

An increase in the production of the trendy grains overseas forces a number of pioneering Australian growers to scale down production. What is the future for Australian farmers in the multi-billion-dollar superfood industry?

A regional Victorian city that nearly lost its tram network in the 1970s is set to become a national hub for historic tram restoration.

The Victorian Government announces an immediate ban on all old growth logging and the phasing out of native timber logging in a transition plan that will cost $120 million over the next ten years.

Four Northern Territory public service executives are being paid more than $200,000 a year to facilitate a planned gas industry that some experts doubt will ever stack up economically, particularly as terminals for importing gas from "wherever's cheapest" secure approval on the nation's east coast.

There has been laughter and hugs as people in outback Australia discover millions of dollars in superannuation they did not know they had.

The financial, emotional and psychological effects of the crime on the business directors of Alice Springs Helicopters and their families was significant, the prosecutor says.

The Northern Territory produces two thirds of Australia's total mango crop, but industry figures say the Top End's mango sector is facing serious threats from climate change.

Foreign officials are immune from local prosecution, but collectively they owe the ACT Government almost $60,000 in fines for breaching parking laws and Russia is responsible for more than $20,000 of them.

A Far North Queensland tourist island, left lying in ruins for years, will undergo a multi-million-dollar redevelopment in an effort to create an international tourism drawcard.

Regional communities are being touted as winners in this year's New South Wales budget, crowned by a Regional Growth Fund of more than $1 billion for projects to promote economic advancement outside of cities.

Researchers swap lab coats for waders and wellies in a quest to battle a tiny parasite that threatens the $150 million dollar tuna industry.

Taking the waters of a mineral pool is a long, human tradition, and today it is often grey nomads seeking out their reputed healing and bubbling waters.

Denver’s process for auditing marijuana businesses is inadequate and has potentially cost the city countless tax dollars allocated for public service programs, the city auditor alleged Thursday.

Eyewitness News has learned that the Berlin High School football recruiting scandal may have cost Berlin taxpayers tens of thousands of dollars. Continue reading →