Thursday 22 March 2018



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Dish TV said a meeting of the board of directors is scheduled to be held on Monday to consider and initiate necessary incidental actions in relation to the scheme of arrangement for amalgamation of Videocon D2H into and with Dish TV India.The rupee rose 10 paise against the US dollar to 65.10 at the interbank forex market amid weakness in the greenback after the US Fed raised benchmark lending rate by 25 bps.The dollar extended losses overseas after the US Federal Reserve stuck to its target for interest rate hikes this year. The central bank's Chairman Jerome Powell forecast a steeper path of rate hikes in 2019 and 2020, citing improving economic outlook.

Forex dealers said persistent inflows of foreign funds and weakness in the dollar against other currencies overseas supported the domestic unit.

Yesterday, the rupee had ended almost flat at 65.21 against the US dollar.

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