Rupee  

The UDF has alleged that corruption to the tune of crores of rupees had taken place in sanctioning the breweries and distillery, and demanded a comprehensive probe into it. Days after rejecting the charges, Chief Minister Pinarayi Vijayan said the government cancelled the sanction accorded to avoid further "confusion" over the issue.
 

Governor Urijit Patel, who headed the policy-setting committee, proposed to take a pause after hiking the rates in its last two successive policy meetings

The domestic currency closed at a record low of 73.58, down by 24 paise or 0.33 per cent on Thursday, marking its third straight session of losses.

At the Interbank Foreign Exchange (forex) market, the domestic currency dropped 43 paise to 73.34 against the US dollar in the early trade

Besides, weakness in the US dollar against some currencies, fresh foreign fund inflows supported the rupee
 

Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines

Prices of petrol and diesel have been on the rise since mid-August, rising almost every day due to a combination of a drop in the dollar-rupee and rise in crude oil prices

Weavers of Chendamangalam in Ernakulam, who lost looms, raw materials and stock worth crores of rupees due to the floods in Kerala, have a new buddy called Bhoomika.

According to Kochi-based Federal Bank, there are signs of a spurt in remittances already, with the banks remittance touching Rs 1,000 crore per week last fortnight, as against the usual average of Rs 700-800 crore.