Rupee jumps 30p to 68.08 a dollar

Mumbai: The beaten-down rupee on Wednesday staged a comeback, recuperating by a sharp 30 paise to end at 68.08 against the US currency on heavy bouts of dollar selling by banks and exporters with equities gaining ground. The home currency also regained strength against the euro, British pound and Japanese yen. PTI

RITES IPO subscribed 60% on Day 1 

New Delhi: The initial public offer (IPO) of railways consultancy firm RITES was subscribed 60% on the first day of the three-day bidding on Wednesday. The share sale to raise about Rs 466 crore got bids for 1,50,44,560 shares as against total issue size of 2,52,00,000 shares, according to the NSE data. PTI