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The Indian rupee on Thursday strengthened marginally for third sessions against US dollar in the opening trade.

The 46th India International Knit Fair organised by the Apparel Export Promotion Council (AEPC) and India Knit Fair Association (IKFA), was inaugurated at the IKFA Complex here on Wednesday.

Exporters association Federation of Indian Export Organisations (FIEO) on Wednesday said the downward trend in labour-intensive sectors of exports not good for the economy.

India's trade deficit widened to a five-month high in April due to rise in crude oil imports coupled with muted growth in export amid rising concerns over US-China trade war, government data showed on Wednesday.

Private lender Yes Bank on Wednesday said that Reserve Bank of India's former Deputy Governor R. Gandhi has joined its Board as Additional Director.

Merchandise exports of the country inched up 0.64 per cent, on a year-on-year basis in April, to $26.07 billion from $25.91 billion in April 2018, official data showed on Wednesday.

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