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Rupee continues to fall! Currency drops 4 paise in early trade; reaches 90.24 against US dollar – The Times of India

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Rupee continues to fall! Currency drops 4 paise in early trade; reaches 90.24 against US dollar – The Times of India


Rupee opened the week on a weak note, slipping 4 paise to 90.24 against US dollar in early trade on Monday, extending its downward momentum from 2025. The decline was triggered by ongoing geopolitical uncertainty as US intervention in Venezuela boosted demand for the American currency.Last week on Friday, the currency had fallen below the 90-mark, closing 22 paise lower at 90.20 against the dollar. The decline came amid disappointing macroeconomic data and a strengthening US currency in overseas markets. According to traders, this muted sentiment was due to continuous withdrawal of foreign fund and strong dollar demand from importers, which dragged rupee down. However, softer crude oil prices and a sharp rise in domestic equities helped limit the downside, they added. Furthermore, any intervention by the Reserve Bank of India (RBI) could provide support to the rupee at lower levels.In 2025, the currency depreciated almost 5% against the US dollar, marking its weakest annual performance since 2022. Despite a softer dollar and most global currencies registering gains, rupee still lagged behind. According to a recent report by SBI Funds Management, the underperformance was fueled by “muted foreign portfolio investor (FPI) inflows, weak export momentum and heightened hedging demand from importers.” Foreign investors withdrew close to $18 billion from Indian equities, citing earnings downgrades, limited exposure to AI-led global growth, and more attractive opportunities in other emerging markets. Looking ahead, the bank expects the rupee to decline by around 2% in the next financial year, with the exchange rate hovering near 92 against the US dollar.



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US airlines warn of disruption as DHS suspends PreCheck, Global Entry during shutdown – The Times of India

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US airlines warn of disruption as DHS suspends PreCheck, Global Entry during shutdown – The Times of India


Major US airlines have expressed concern over travel disruptions after the Department of Homeland Security (DHS) decided to temporarily suspend its PreCheck and Global Entry programmes amid an ongoing government shutdown.The suspension will take effect from 6 a.m. ET (1100 GMT) on Sunday, days after a partial shutdown began following the failure of Republicans and Democrats to reach an agreement on immigration enforcement reforms, news agency Reuters reported.Airlines said travellers received very little advance warning about the move, leaving many with limited time to adjust their travel plans. “Airlines for America is deeply concerned that … the traveling public will be, once again, used as a political football amid another government shutdown,” Chief Executive Chris Sununu said, urging Congress to “get a deal done.”Sununu added that a similar shutdown last fall caused losses of $6.1 billion across the travel industry and related sectors.Homeland Security Secretary Kristi Noem said airport and border agencies would prioritise general passenger movement while suspending “courtesy and special privilege escorts.”“We are making tough but necessary workforce and resource decisions to mitigate the damage,” she said in a DHS statement.The suspension forms part of emergency steps taken by DHS to redirect staffing resources after Congress failed to approve additional funding, according to a Washington Post report.The Transportation Security Administration (TSA) said the PreCheck programme had more than 20 million active members in 2024, while total vetted travellers across DHS programmes, including Global Entry, exceeded 40 million.PreCheck allows approved passengers to use dedicated fast-track security lanes at US airports, while Global Entry expedites customs and immigration clearance for pre-approved, low-risk international travellers entering the United States.The move follows orders from the Trump administration last week directing the Federal Emergency Management Agency to suspend deployment of aid workers to disaster-affected areas during the shutdown.



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IT And Cybersecurity Stocks To Be Watched As Claude Code Security Rattles US Market

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IT And Cybersecurity Stocks To Be Watched As Claude Code Security Rattles US Market


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Anthropic launched Claude Code Security to scan code for vulnerabilities. Cybersecurity stocks in US dropped over concerns AI could disrupt the industry.

Claude Code Security Impact: IT, Cybersecurity Shares May See Action On Monday

Claude Code Security Impact: IT, Cybersecurity Shares May See Action On Monday

IT and cybersecurity stocks in India may see action on Monday, February 23 when the market opens, as AI firm Anthropic launched Claude Code Security, a new capability built into Claude Code on the web.

The new feature scans codebases for security vulnerabilities and suggests targeted software patches for human review, allowing teams to find and fix security issues that traditional methods often miss.

What’s The Fear?

The new feature has posed a threat to IT and cybersecurity companies, as Claude Code will provide cybersecurity services to teams.

Companies may rely less on legacy scanning tools and cut spending on traditional enterprises.

“This is a pivotal time for cybersecurity. We expect that a significant share of the world’s code will be scanned by AI in the near future, given how effective models have become at finding long-hidden bugs and security issues,” Anthropic said in the blog.

Attackers will use AI to find exploitable weaknesses faster than ever. But defenders who move quickly can find those same weaknesses, patch them, and reduce the risk of an attack.

This has triggered a fear in the US market last week, in which cybersecurity stocks, including CrowdStrike, Palo Alto, Zscaler suffered a heavy sell-off.

CrowdStrike, US cybersecurity technology company, led the heavy beating with shares falling almost 8 per cent to $338.60 per share. Zscaler also dropped sharply by 5.47 per cent to $159.75 per share.

How Claude Code Security works

Rather than scanning for known patterns, Claude Code Security reads and reasons about your code the way a human security researcher would: understanding how components interact, tracing how data moves through your application, and catching complex vulnerabilities that rule-based tools miss.

Every finding goes through a multi-stage verification process before it reaches an analyst. Claude re-examines each result, attempting to prove or disprove its own findings and filter out false positives.

Findings are also assigned severity ratings so teams can focus on the most important fixes first.

Validated findings appear in the Claude Code Security dashboard, where teams can review them, inspect the suggested patches, and approve fixes.

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Market cap of six top-10 firms jump Rs 63,478 crore

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Market cap of six top-10 firms jump Rs 63,478 crore


New Delhi: The combined market valuation of six of India’s top-10 most valued companies rose by Rs 63,478.46 crore last week, with Larsen & Toubro and State Bank of India emerging as the biggest gainers. The broader market also ended the week on a positive note, as the 30-share BSE Sensex advanced 187.95 points, or 0.22 per cent.

Among the gainers, Larsen & Toubro saw its market capitalisation jump by Rs 28,523.31 crore to Rs 6,02,552.24 crore. State Bank of India added Rs 16,015.12 crore, taking its total valuation to Rs 11,22,581.56 crore. The market value of HDFC Bank climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore. Similarly, Life Insurance Corporation of India gained Rs 5,977.12 crore, pushing its valuation to Rs 5,52,203.92 crore.

Bajaj Finance also witnessed an increase in its market capitalisation by Rs 3,142.36 crore to Rs 6,40,387 crore. However, not all companies ended the week on a positive note. The market capitalisation of Bharti Airtel declined sharply by Rs 15,338.66 crore to Rs 11,27,705.37 crore.


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ICICI Bank also saw its valuation fall by Rs 14,632.10 crore to Rs 9,97,346.67 crore. The mcap of Infosys dropped by Rs 6,791.58 crore to Rs 5,48,496.14 crore, while Tata Consultancy Services lost Rs 1,989.95 crore, bringing its valuation down to Rs 9,72,053.48 crore.

The most-valued company in the country include HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India, and Infosys in the ranking of the top-10 most valued firms.

Meanwhile, commenting on Nifty technical outlook, experts said that from a levels perspective, 25,800 stands as the immediate resistance, followed by 26,000 and 26,200. “On the downside, key supports are located at 25,300 and 25,100. A decisive break below 25,000 could increase downside momentum and accelerate corrective pressure,” an analyst stated.



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