INSUBCONTINENT EXCLUSIVE:
following the allocation of key portfolios in the newly elected government
In the opening trade on Friday, the rupee had appreciated by 15 paise to 69.72 against the dollar, driven by positive opening in domestic
69.85 at 1:36 pm, marginally higher by 2 paise over its last close.On Thursday, the rupee had settled at 69.87 against the dollar.In the
newly elected government Amit Shah was allotted the Home ministry, Rajnath Singh (Defence), S Jaishankar (External Affairs minister) and
Nirmala Sitharaman (Finance)
Narendra Modi was on Thursday sworn in as the Prime Minister for a second term helming a 58-member ministry.Besides 25 Cabinet ministers
including PM Modi, Amit Shah, Rajnath Singh, Nirmala Sitharaman, Nitin Gadkari, Smriti Irani, Piyush Goyal and Jaishankar, nine were sworn
in as Minister of State with Independent charge and another 24 as Minister of State.Meanwhile, following the portfolio announcement, the
benchmark BSE Sensex fell in the negative territory and was trading down 230.85 points, or 0.58 per cent to quote at 39,601.12 while the NSE
Nifty was trading at 11,882.10, down 63.80 points, or 0.53 per cent.Brent crude, the global benchmark, was trading at 65.98 per barrel lower
