Why rupee falls by 11 paise to 70.93 vs USD on dollar demand - India in Inflation mode

Mumbai, Jan 16 (PTI) The rupee pared early gains and settled lower by 11 paise at 70.93 against the US dollar on Thursday amid steady rise in crude oil prices and dollar demand from importers.
 
At the interbank foreign exchange market, the domestic currency opened on a strong note at 70.80 a dollar. But during the day it lost momentum and touched a low of 70.98 against the American currency.

The rupee finally settled the day at 70.93, showing a fall of 11 paise over its previous close.
 Forex traders said the rupee pared its early gains despite the US-China signing the phase-1 trade deal, as huge uncertainty still remains, which might make it difficult for China and the US to reach a comprehensive trade deal.

The United States on Wednesday signed the first phase of a trade deal with China, which President Donald Trump described as historic, concluding more than a year of tough negotiations between the two largest economies of the world.

     "Indian rupee erased early morning gains and last quoted at 70.93 with loss of 11 paise as dollar buying seen by banks on behalf of the importers," said V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities.

(This story has not been edited by THE WEEK and is auto-generated from PTI)

Why Google Play Store will no longer show notifications for updated apps ?

Late last month we came across an issue with the Google Play Store which prevented some newly published apps from showing up in search. The bug only brought up related search results when searching for new apps, even though they were definitely live on the platform.

Google addressed this issue shortly thereafter and users were once again able to look up new apps in the store. At the time, some users also reported another bug on the Play Store which stopped showing app update notifications in the notification shade.

The bug was noticed shortly after Play Store version 17.4 rolled out to users and since then, more and more users have come up to share the issues on Reddit and Google’s Support forums.

Now, as per a recent report from Android Police, it seems like the missing notifications in the Google Play store is intended behavior.
A Google spokesperson reached out to the publication to provide further clarification on the issue and revealed that the missing update notifications were a feature and not a bug.


Even though the issue was fixed briefly early in December last year, it reemerged earlier this month. As of now, there’s no further information from the company regarding its decision to remove Play Store notifications. Users who wish to check the app update status will now have to navigate to the My apps & games section in the Play Store and manually check for updates. Do note that Google won’t push notifications after app updates are successful.

Source: Android Police