US dollar declines against most other major currencies
New York: The US dollar index decreased against most other major currencies as investors were concerned about intensifying trade tensions between the US and its major trade partners.
In late New York trading on Monday, the euro increased to $1.1703 from $1.1662 in the previous session, and the British pound rose to $1.3282 from $1.3261 in the previous session, Xinhua news agency reported.
The Australian dollar fell to $0.7404 from $0.7440.
The US dollar bought 109.45 Japanese yen, lower than 109.98 Japanese yen of the previous session. The US dollar dipped to 0.9857 Swiss franc from 0.9897 Swiss franc, and it climbed to 1.3307 Canadian dollars from 1.3268 Canadian dollars.
Investors grew increasingly concerned that the global economy could take a hit from the tensions between the world's largest economy and its key partners, experts said.
On the economic front, the Chicago Fed National Activity Index (CFNAI) was negative 0.15 in May, down from positive 0.42 in April, indicating slower economic growth in May, according to the Federal Reserve Bank of Chicago Monday.
Meanwhile, US sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, beating market estimates, said the Commerce Department.
This is 6.7 per cent above the revised April rate of 646,000 and is 14.1 per cent above the May 2017 estimate.
The dollar index, which measures the greenback against six major peers, was down 0.27 percent at 94.265 in late trading.
Leading stock exchanges BSE and NSE have put in place a detailed framework for shortlisting and reviewing of securities under graded surveillance measures (GSM), wherein investors need to be extra cautious while dealing in such stocks.
Shares in Fiat Chrysler and Ferrari fell more than 5 percent after CEO Sergio Marchionne fell seriously ill when suffering complications from surgery, prompting a premature change at the helm of both companies.
Automobile industry in India is opting for inorganic route to balance investments to support current growth cycles and prepare for future global disruptions, says a report.
Uttar Pradesh government will be presenting a 'vision document' on the Taj Mahal in Agra before the Supreme Court on Thursday, an official said.
Improved punctuality, cleaner toilets and coaches and better quality food and bedrolls provided in trains are needed to match the increased fare in premier trains, according to a survey carried out by the Comptroller and Auditor General (CAG) of India.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.