The rupee firmed up by 24 paise to trade at 67.78 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.

US crude tumbled below $28 a barrel in Asia on Tuesday hitting new 12-year lows, after the International Energy Agency (IEA) warned that the oil market could “drown in oversupply”.

The Indian rupee fell to a more than two-year low on Wednesday, inching closer to a record low of 68.85 hit in August 2013, as a continued fall in global oil prices raised concerns about the global economy.

Snapping its three-day losing streak, the rupee edged higher by 8 paise to 66.60 against the dollar at the Interbank Foreign Exchange in early trade on Tuesday, on fresh selling of the American currency by exporters and banks.

The rupee recovered by four paise to 67.25 against the US dollar in early trade on fresh selling of the American currency by exporters and banks.

Mixed signals from overseas, overnight and early morning today, are keeping the BSE Sensex volatile in early trade on Tuesday.

The BSE Sensex staged a turnaround on Thursday to trade with modest gains, led by better-than-expected results from IT heavyweight Infosys propping the indexes towards a second consecutive day of gains.

Deflationary trend eased in December with WPI inflation moving up to (-)0.73% as food articles, mainly vegetables, turned costlier.

Housing.com in fresh trouble as loss deepens

Wednesday, 13 January 2016 00:00

For online real estate startup housing.com, which has been in the limelight for wrong reasons for quite some time, bad news seems to be turning worse.

H-1B and L1 visas are non-immigrant visas used by companies to employ foreign nationals in the United States temporarily. H-1B is meant for persons in specialty occupations and L1 is meant for intra company transfers. The former is used when non-US-based companies recruit people for posts in the US and the latter is what happens when Indian IT professionals are given “on-site” stints in the US. One L1 visa is issued for five H-1B visas.