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Rupee rises 4 paise to 73.51 against U.S. dollar in early trade

Vietnam Government Aims for 2021 Economic Growth of 6.5%

Vietnam will strive for 2021 economic growth of 6.5%, a goal that would exceed its official target of 6% growth for next year, according to a post on the government’s website, which cited Premier Nguyen Xuan Phuc during a conference with local officials.

The goal comes as the country faces numerous challenges, according to the post.

Brazil's vice president tests positive for Covid as country records 344 new deaths

  • Hamilton Mourão, Brazil's vice president, has tested positive for the coronavirus, his office said on Sunday, when the country registered 344 new Covid-19 deaths.
  • Mourão, President Jair Bolsonaro's deputy, is the latest in a long line of senior Brazilian officials to contract the virus. Bolsonaro, a prominent coronavirus skeptic, was infected in July, and recovered.
  • In a statement, Mourão's office said he tested positive on Sunday afternoon, and that he will isolate in Jaburu, his official residence.

Hamilton Mourão, Brazil's vice president, has tested positive for the coronavirus, his office said on Sunday, when the country registered 344 new Covid-19 deaths.

Mourão, President Jair Bolsonaro's deputy, is the latest in a long line of senior Brazilian officials to contract the virus. Bolsonaro, a prominent coronavirus skeptic, was infected in July, and recovered.

In a statement, Mourão's office said he tested positive on Sunday afternoon, and that he will isolate in Jaburu, his official residence.

Separately, Brazil's health ministry on Sunday reported that Brazil registered 344 new Covid-19 deaths, and 18,479 fresh coronavirus cases.

Brazil now has nearly 7.5 million confirmed cases, and a total of 191,139 deaths from the virus since the outbreak began, according to the health ministry figures.

Sensex, Nifty race to new peaks in early deals

Elsewhere in Asia, bourses in Mainland China, Japan, South Korea, Hong Kong and other key markets were trading on positive note on Monday.

Benchmark gauges Sensex and Nifty soared to new heights in early deals on Monday, tracking broad-based rallies in global equities.

The BSE benchmark Sensex rose 361.93 points or 0.77% to touch an all-time high of 47,335.47 in morning trade; and the broader NSE Nifty climbed 110.55 points or 0.80% to a new peak of 13,859.80.

On the Sensex chart, barring HDFC and Asian Paints, all constituents were trading in the green.

On the last trading day, Thursday, of the previous week, the 30-share Sensex had surged 529.36 points or 1.14% to close at 46,973.54. The broader NSE Nifty had zoomed 148.15 points or 1.09% to 13,749.25.

Markets were closed on Friday on account of Christmas.

Elsewhere in Asia, bourses in Mainland China, Japan, South Korea, Hong Kong and other key markets were trading on positive note on Monday.

Meanwhile, the global oil benchmark Brent crude futures slipped 0.31% to $51.14 per barrel.

Foreign portfolio investors (FPIs) purchased shares worth a net ₹1,225.69 crore on Thursday, as per exchange data.

European markets set to edge higher in holiday-thinned trade

  • Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans.
  • The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600.

LONDON — European markets are set to creep higher at the start of the last trading week of 2020, as traders react to Brexit developments and as President Donald Trump signed a $900 billion Covid-19 relief bill into law.

The U.K. FTSE 100 index will remain closed on Monday for the holidays, but France's CAC 40 and Germany's DAX index are set to rise.

Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans. The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. Stock futures in the U.S. rose slightly on the news.

In Asia, shares of Alibaba in Hong Kong dropped more than 8% for the second straight session after Chinese regulators ordered Alibaba-affiliate Ant Group to rectify its businesses.

Back in Europe, traders will likely react to the announcement of a Brexit trade deal between the U.K. and the EU. The agreement, sealed after markets closed on Dec. 24, still needs to be approved this week by both U.K. and EU Parliaments before the Dec. 31 deadline.

Russian fishing trawler sinks in Barents Sea, 17 missing

MOSCOW (Reuters) – A fishing trawler sank in the northern Barents Sea leaving 17 people missing, Russian news agencies reported on Monday citing emergency services.

Five rescue vessels were searching for survivors but only two people have been rescued so far out of a 19-member crew, Interfax said.

The emergency services were quoted saying that ice accumulation led to the sinking of the vessel.

Man stabbed near 16th Street Mall in Denver Sunday night – The Denver Post

A man was stabbed near the 16th Street Mall in Denver Sunday night, according to a tweet from Denver police.

The stabbing occurred near the 800 block of 16th Street. The man was sent to the hospital. His condition is unknown, as of 11 p.m. Sunday. There is no information on the suspect yet.

This is a developing story.

— Denver Police Dept. (@DenverPolice) December 28, 2020

Rupee rises 4 paise to 73.51 against U.S. dollar in early trade

The dollar index fell 0.05% to 90.18.

The rupee appreciated by 4 paise to 73.51 against the U.S. dollar in opening trade on December 28 as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment.

Traders said the weakness of the American currency in the overseas market also supported the domestic unit.

At the interbank forex market, the domestic unit opened at 73.52 against the U.S. dollar, then inched higher to 73.51 against the greenback, registering a rise of 4 paise over its previous close.

On December 24, the rupee had settled at 73.55 against the U.S. dollar. Forex and equity market were closed on December 25 on account of Christmas.

Meanwhile, the dollar index, which gauges the greenback”s strength against a basket of six currencies, fell 0.05% to 90.18.

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 227.35 points higher at 47,200.89, and the broader NSE Nifty advanced 75.60 points to 13,824.85.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹1,225.69 crore on a net basis on December 24, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.43% to $51.07 per barrel.