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Rupee slips 12 paise in early trade

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Rupee slips 12 paise in early trade

The rupee fell 12 paise to 75.72 against the US dollar in open trade on Tuesday, February 15, 2022, as geopolitical tensions and rising domestic inflation weighed on investor sentiment.

Ongoing foreign capital outflows and rising crude oil prices also weakened positions in the rupee, foreign exchange traders said. In interbank foreign exchange, the rupee opened at 75.60 per dollar before sliding further to 75.72, down 12 paise from the previous close.

On February 14, the rupee lost 24 paise against the dollar to settle at a more than nine-week low of 75.60.

Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, was down 0.18% at 96.19.

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Inflation breaches RBI’s ‘cap’
On the domestic macroeconomic front, retail inflation crossed the RBI’s 6% ceiling for the first time in seven months in January, while the wholesale price index remained in double digits for the 10th consecutive month.

“Rising concerns over Russia-Ukraine tensions and their impact on crude oil and a possible global rate hike scenario could limit the appreciation bias,” said Sriram Iyer, senior research analyst at Reliance Securities.

In addition, Iyer noted that differing policy outlooks from the RBI and the Federal Reserve, higher domestic inflation, and lack of central bank controls could also limit the appreciation bias.

Meanwhile, Brent crude futures, the global oil benchmark, fell 0.68% to $95.82 a barrel.

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On the domestic stock market, the 30-share Sensex gained 233.49 points, or 0.41%, to 56,639.33, while the broader NSE Nifty gained 48.35 points, or 0.29%, to 16,891.15.

Foreign institutional investors remained net sellers in capital markets on Monday as they dumped shares worth Rs 4,253.70 crore, according to stock exchange data.

Complete News Source : The Hindu

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Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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