With large corporations and public sector

 

If China nickel plated screw Factory the World Bank is to be believed, automation threatens 69 per cent of jobs in India and 77 per cent in China, and a whopping 85 per cent in Ethiopia. There is blood on the streets and gloom and doom is the prevailing strop. Another equally big reason is the lack of trained manpower.3 per cent and 14. Even here, despite the Skill India programme, results will take time as the quality of primary instruction in India is very poor. With large corporations and public sector banks financially stressed, the average size of companies in India is reducing, at a time when well-organised large companies are central to creating jobs. It states overall growth in the index of industrial production (IIP) was (-)2.The monthly economic report for August 2016 by the department of economic affairs underlines these ominous trends. What are these circumstances and compulsions Is it only terror or is it something very deeply intrinsic and internally dysfunctional Consider the following data points that profile a very gloomy spectre 6 per cent respectively over August 2015.

Mechanisation and technology have disrupted conventional industrial production, upended manual jobs and call time on work that has been done by generations.7 per cent in August 2016, from 3. The no-brainer solution, therefore, is to equip millions of people with basic blue-collar skills.In 2015, India added the fewest organised-sector jobs in large corporations and manufacturing facilities in seven years across eight core industry sectors.84 per cent on an average.7 per cent and in 2017 it is expected to grow by 5. In 2016, it clocked a mere 4. But the vast majority of Indians don’t have access to this resource and, therefore, aren’t equipped to work in a modern economy. The ratio of jobs in the unorganised sector without monthly payments or social security benefits is set to rise to 93 per cent in 2017.3 per cent in July 2015. The wholesale price index (WPI) headline inflation increased to 3.

A diversion and a very strong one indeed. With a public debt of $50 billion, of which around $30 billion was due for repayment in July-September this year, the fact that the Pakistani economy is floundering is a gross understatement.9 per cent. The formation of companies has slowed to 2009 levels, and existing firms are growing at two per cent, the lowest in five years.4 per cent in July 2016, in contrast to 4. Oil stood at $51. Some analysts claim that oil will hit $120 a barrel by early 2018. “But the traditional economic path from increasing productivity of agriculture to light manufacturing and then to full-scale industrialisation may not be possible for all developing countries,” Mr Kim adds. A period of mass unemployment and social unrest is looming over the immediate horizon unless there is an internal and external shift that at the moment is conspicuous by its absence.0 per cent while merchandise imports fell 15. There is nothing like a good old war hysteria or even a war to get the blood of raw jingoism flowing in the nation’s loins.

 

The double DIN infotainment system does

 

The Polo hatchback makes a lot of sense if you are a younger buyer who loves to drive and the Vento makes a lot of sense if you are an older buyer who wants that luxury feel of a premium German sedan. But what if you want a compact sedan and still want something with a premium badge Well, screw barrel of injection moulding machines Manufacturers Volkswagen has finally heard the pleas of the Indian customer and presented us with the brand-new Ameo. Safety has been a big talking point amongst car buyers in India recently.Front seats are the same as the Polo and are height adjustable for the driver. Volkswagen has only launched the 1.2-litre 4-cylinder TSI motor to make it a potent automobile. The edges of the front bumper are also slightly different with a deeper scooped-out mould that makes the car appear slightly wider. The front bumper is tucked in by 35mm which gave Volkswagen a little more space to play around with at the rear. In our opinion, it looks quite nice, has quality on par with much more expensive cars and handles brilliantly.The Volkswagen Beetle is a motoring icon in its own right. You get a very smart looking centre console that is finished in a shade of brushed silver along with a set of rectangular air vents.As we mentioned earlier, every car company needs a car for the people and with the Ameo, Volkswagen has truly made a car that will appeal to the mass markets while offering much more than most other cars in the segment. It sold over 21 million copies and put the German automaker on the global map.Source: CarDekho.The boot is spacious and offers a very large opening to slide luggage and if you want even more space, the seats fold down to offer a larger loading area.

The Ameo brings the best of both into one package and offers it to the Indian family at a great price point while still offering the Volkswagen badge and a sense of luxury. Volkswagen seems to have done just that, by giving us a sub 4-metre compact sedan, that sits squarely in between the hatchback and a full-blown three-box sedan. Clutch action is lighter than some of the older Volkswagen cars but still isn’t as light as what you would get in a Hyundai or Maruti product. Low-end power delivery isn’t as smooth as we expected and the Ameo does tend to need more throttle inputs especially if you are on an incline. That said, even though the roof on the Ameo is 15mm lower at the rear than the Vento or the Polo, there is a lot of headspace even for a six-foot tall passenger. Volkswagen has also stuffed the Ameo with first-in-class features like cruise control, anti-pinch windows for all four glasses and rain-sensing wipers. So what is it all about Well, we drove it to find out. The bootlid itself, though, does look a little bland and flat at first glance but look closely and you will notice some very well placed angular panels and cuts. The Ameo is more spacious than the Polo in terms of rear legroom but not as spacious compared to the Honda Amaze and the Ford Figo Aspire, and is a little short on under-thigh support too. The double DIN infotainment system does support USB and Bluetooth connectivity but does not have Apple CarPlay.

The engine does open up post 3000rpm all the way up to the 6000rpm red line but then the engine gets quite loud and intrusive. The only chink in its armour is the slightly underwhelming petrol engine. Yes, we know most of you will look at it and say this is identical to the Polo from the front, but this is a Volkswagen car and there are bound to be some differences. All said and done, it does share the front fenders, grille and the bonnet with the Polo along with the dual barrel headlamps. What the Ameo really needs is the 1. Other features include climate control, a much needed central arm rest and a sporty flat-bottomed steering wheel.The Ameo shares the dashboard with the Polo but that is not a bad thing. The first thing that strikes you about this engine, though, is the fact that it is unusually loud for a petrol engine even when idling. It managed to do that, purely because it was something that people needed at that time. Steering response is very direct and although we would have loved to see Volkswagen stick to the 16-inch wheels and tyres that the show car had, the production version gets the 15-inch wheels that you get on the Polo. Volkswagen hasn’t just haphazardly pasted a boot on the back of the Polo.As you would expect, the Volkswagen Ameo is a class apart when it comes to overall chassis balance.

 

There is clearly strong disagreement

 

Market participants interpreted the minutes as moderately positive for risk-taking appetite, with the Fed remaining divided on the timing of the next rate hike.S. [US/] The weaker dollar was an additional help to commodities like crude oil though oil prices dipped in early trading on the prospect of record Saudi output.The July meeting minutes released on Wednesday showed that Fed policymakers were generally upbeat about the U. The euro edged up 0. Futures contracts dipped slightly, signaling receding bets of a U.S.Technology stocks, especially Tencent and Lenovo Group led the index higher.5 per cent.International Brent crude oil futures LCOc1 were at $49. Federal Reserve's latest meeting showed policymakers were in no rush to raise interest rates.Asian stocks rose and the greenback languished near two-month lows on Thursday after minutes of the U.MIAPJ0000PUS was up 0. But they also said they wanted to "leave their policy options open" as any slowdown in hiring would argue against near-term monetary tightening.55 hit on Tuesday.5 per cent at 99. currency flagged.Ten-year Australian government debt edged lower to 1.MSCI's broadest index of Asia-Pacific shares outside Japan .Bond markets greeted the rate Fed minutes with cautious optimism with the iShares iBoxx $ High Yield Corporate Bond ETF poised to set a fresh one-year high.1 per cent to 94.

"There is clearly strong disagreement within the Fed with regards to the timing of further rate hikes," wrote Angus Nicholson, market analyst at IG in Melbourne.S economic outlook and labor market.8 percent on Wednesday.2 per cent to $1.71 yen earing a post-Brexit low of 99. Treasury yields, which fell overnight following the release of the Fed minutes.Hong Kong shares was the top gainer in Asia with a 1 per cent rise, while a stronger yen, thanks to the Fed's cautious outlook, pulled Japan's Nikkei back 0.4 per ent as investors added to positions after a 14 per cent rise over the last two months.S.25 per cent at $4,786 a ton after losing 0.In currency markets, the dollar was down 0.MIAPJ0000PUS was up 0.67 per barrel at 0050 GMT, down 18 cents from their last close.The greenback felt the sting of lower U..49, Parallel Screw Barrel Factory having lost about 0.S. rate increase. Benchmark copper on the London Metal Exchange CMCU3 was up 0.131with the common currency on track to rise more than 1 per cent this week.7 per cent so far this week, during which it touched a 7-week low of 94.MSCI's broadest index of Asia-Pacific shares outside Japan .Copper, which had slid on the dollar's rise earlier in the week, trimmed some of their losses as the U.92 per cent, about 100 basis points down from end-2015.4 per ent.

 

European and US stocks

 

Minutes from the Fed’s July meeting said that policy members wanted to keep “options open” and remained divided on the need for a near-term rate hike.2 per cent.“The market lacks momentum,” Margaret Yang, an analyst at CMC Markets in Singapore, told Bloomberg News. “The market has been driven by liquidity arising from loose monetary policies by central banks around the world, rather than improving economic fundamentals. London’s benchmark FTSE 100 index closed down 0..”.8 per cent. Besides the rally in oil, there’s nothing that could push share prices higher.US and European markets had edged higher Thursday, with help from a dovish outlook for US interest rates, higher crude prices and some healthy post-Brexit data in Britain, traders said.Other key Asian markets were mixed, with Shanghai slightly up while Hong Kong slipped 0. With the occasional round of profit-taking,” said City of London Markets trader Markus Huber.“It would seem that Federal Reserve officials face a very complex, and possibly divisive, debate over the conundrum of an improving employment sector against a background of low inflation and tepid consumer spending,” Stephen Innes, a senior trader at forex firm OANDA, wrote in a commentary.

European and US stocks slid on Friday as traders booked profits in the absence of key data in a market that generally lacks momentum, analysts said.While most Asian markets were cautious, Tokyo’s main stocks index managed to rise as a yen rally petered out, supporting the profitability of blown film extruders Suppliers exporters such as automakers Toyota and Honda.“In light of an almost empty economic calendar today more of the same trading pattern appears likely.The oil price continued its upward trend Friday, with Brent crude holding above $50 a barrel.Wall Street was trading lower around mid-day in New York with the Dow Jones Industrial Average falling 0.2 per cent.5 per cent and the Paris CAC 40 lost 0..15 percent, while in the eurozone, Frankfurt’s DAX 30 shed 0.And in foreign exchange, the dollar rose against major rivals, although gains were capped by doubts about the chances of a US interest rate hike occurring this year.

 

You wouldn’t know for

 

“It needed to be looked at scientifically and that was the big change after Ayrton Senna’s death at Imola in 1994..Asked if Alonso would have survived a similar accident 20 years ago, Mosley told British newspapers: “I don’t think he would China Various Parallel Twin Screws Factory have.Since Ayrton Senna’s death at Imola in 1994 prompted tightened security measures, Frenchman Jules Bianchi, who died at the 2014 Japanese Grand Prix, is the only F1 driver to have lost his life in a race.

There are still freak accidents, like Jules, but those sort of serious racing accidents, you do expect the driver to walk away. You work hard and it’s very satisfying when you see the results.“Happily that seems to have stopped.Alonso’s McLaren was sent into a terrifying barrel roll after he clipped Esteban Gutierrez’s Haas at close to 200mph, but the two-time champion crawled from the wreckage before walking away.

You wouldn’t know for sure without a detailed analysis, but generally speaking those sorts of accidents resulted in serious injury or death. That wouldn’t have been the case 20 years ago.A crash like the one suffered by Fernando Alonso in Sunday’s Australian Grand Prix would have been fatal in a previous era, former FIA president Max Mosley said on Tuesday. It’s very satisfying to see Alonso walk away. It was quite an impressive crash,” he added.

 

The Chinese situation sets

 

After an early wobble, the DAX in Germany and France’s CAC climbed more than one per cent and London’s FTSE 100 and Wall Street futures both clawed back into positive territory.The Moscow stock exch-ange dropped by more than four per cent as Russia’s energy-dependent economy reels from low oil prices and slowdown its major trade partner China.2 per cent and Singapore was 2.Commodities were again on the ropes as Brent crude oil shed 90 cents, or 2.

Hong Kong screw barrel of injection moulding machines Manufacturers gave up 2.The South African currency — rand — hit new record lows against the dollar, reflecting the country’s growing economic crisis as commodity prices fall because of Chinese slowdown.41 as both hovered near last week’s 12-year lows.Beijing was again the epicentre of unease as its central bank People’s Bank of China confounded analysts by guiding the yuan’s midpoint rate sharply stronger, a move that might calm concerns about a competitive deva-luation but only added to market confusion as to Beijing’s ultimate intent on its currency policy.“The Chinese situation sets the agenda right now in combination with oil prices,” said Hans Peterson global, head of asset allocation at SEB investment management.

 

The 30-share Sensex after

 

Buying by retail investors too reemerged in broader markets helping the mid-cap and small-cap indices gain up to 1.14 per cent to 7,435. This was the weakest pace of expansion since the first quarter of 2009.85 per cent, followed by infra 1.68 per cent, realty 1.34 and finally settled 291.75 per China Wholesale Parallel Screw Barrel cent. European markets too were in better shape in early trade.74 pc), Hero MotoCorp (2.10 points or 1.9 per cent in the third quarter.10 points or 1. Key indices in Hong Kong, Japan and Shanghai Composite moved up to 3.27 per cent and oil & gas 0.26 pc), ICICI Bank (2. Shares of capital goods, infra, banking, realty, power, healthcare, auto and oil & gas firmed up, helping the index to record its biggest single-day gain of 2016 so far.22 per cent.

The 30-share Sensex after opening higher at 24,257. Still, sentiment remained jittery in view of lackluster quarterly earnings by some blue-chips.10.The 50-share NSE Nifty recaptured the crucial 7,400-mark by bouncing back 84.10. Meanwhile, China's economy grew 6.68 pc), Bharti Airtel (3. Globally, Asian markets led by Shanghai ended higher after Chinese GDP figures were mostly in line with expectations.23 pc), Tata Motors (3.28 advanced to hit the day's high of 24,563. Among the BSE sectoral indices, capital goods gained the most by rising 2.67 per cent, healthcare 1.51 per cent higher at Rs 1,043.47 points to end at 24,479. Shares of heavy-weight, RIL ended 2.

 

Oil prices were subdued

 

MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.The Federal Reserve’s 25-basis-point increase was almost a decade in the making and easily one of the most telegraphed in history. dollar.Still, that did widen the premium over German yields to 132 basis points, the fattest since late 2006 and a positive draw for the U. “Nothing here to change a view that we can have a moderate ‘risk-positive rallyette’, even if the probability of a March hike is significantly higher than priced. government data showed a big, surprise build in crude inventories. So there was some relief that, after months of waiting and several false starts, the move was finally done and dusted. Markets were soothed by Fed Chair Janet Yellen’s assurance. The rate forecasts, or dot points, from Fed members were a little higher than many expected with 100 basis points of hikes pencilled in for next year and a terminal rate of 3.25 to 1.Fed fund futures dipped in response, yet the December 2016 contract implies a screw barrel of injection moulding machines Manufacturers rate of only 0.Oil prices were subdued having resumed their decline on Wednesday to lose as much as 5 percent after U.

“The Fed will be absolutely delighted with the lack of volatility across all asset classes,” said Alan Ruskin, global head of forex at Deutsche.Brent eased another 27 cents to $37.1 per cent higher according to IG.7 per cent.4 per cent.009 percent.China also allowed its currency slip for a 10th straight session to hit its lowest since June 2011.The euro dropped to $1. U.“A follow-up Fed hike could come as soon as March, aided and abetted by favourable oil price base-effects that will lift inflation almost a percentage point and a potentially mild winter,” said Franulovich.6 per cent, while Shanghai put on 1. On Wall Street, the Dow ended Wednesday with gains of 1.45 per cent and the Nasdaq 1.41 having already suffered a loss of 4.”Such an outcome would spell further trouble for commodities, making them more expensive when measured in other currencies.

 

The UN special envoy

 

“Regarding the Syrian crisis, we find it easy to work both with President Assad and the American side.”Russian President Vladimir Putin said Moscow can easily work with all sides involved in efforts to resolve the conflict Syria, including the US and Mr Assad.“And that means all the barrel bombs will stop, all the bombing, all the shooting, all the attacks on either side. That transitional process needs to try to be achieved within the target time of six months,” Mr Kerry said, arguing that the UN vote gave the plan legal force. in Jan, elections within 18 monthsThe UN Security Council threw its unanimous support on Friday behind a plan to end Syria’s brutal civil China extruder replacement partss Manufacturers war by summoning rebels and the regime to the negotiating table.The resolution enshrines the plan developed by the ISSG countries in a series of meetings in Geneva and Vienna.The US and Arab allies remain convinced Mr Assad must leave office as part of the process, but his allies Moscow and Tehran insist this is a decision for the Syrian people.US, Russia initiative calls for talks between Assad govt & Opp.Attention now turns to Moscow and Riyadh, as Russia pressures Mr Assad’s regime to agree to a ceasefire and Saudi Arabia wrangles the Opposition to form a negotiating team.The US and Russian initiative, which emerged from talks with a 17-nation group, foresees a rapid ceasefire in the almost five-year conflict, perhaps as early as January 2016.“We have a timeframe.

Iran, however, will maintain its backing for the Syrian regime, a senior official said, after the Security Council meeting.The UN special envoy on the conflict, Staffan de Mistura, said he would send out invitations to talks in January. “We will continue to give our support to Syria,” said deputy foreign minister Hossein Amir Abdoll-ahian.. “The election needs to take place within 18 months, the same start time, so that after six months of the transition you’re about a year away, or less, from an election. I have recently spoken about this with President Obama, and with our friends from Saudi Arabia, and from other Arab nations,” Mr Putin said.”The Security Council met Friday after the latest round of talks by the International Syria Support Group (ISSG), which had gathered in New York to renew its push for peace.If the plan brings Bashar al-Assad’s regime to the table with the armed Opposition, it will allow Russian and US-led forces to focus their firepower on the ISIS group.“In January we hope and expect to be at the table and to be able to implement a full ceasefire,” US secretary of state John Kerry told reporters.

 

Banga Beats edge past

 

Going by the fortnight’s proceedings, it’s the form on the day rather than reputation that has decided the fate of matches.When the two teams last met in the league stage here on Saturday, Warriors had edged past Mumbai 3-2. Jan O.The revival was kickstarted by the men’s doubles pair of China Mixing Section of Parallel Twin Screw Akshay Dewalkar and Carsten Mogensen, who defeated the Hotshots pair of Kim Lim Wah and Shem V.The hiccups in the Indian Badminton League over the past two weeks have been plenty, but badminton buffs who have braved odd timings to watch stars in action have been treated to some good fare.On Thursday, at the Sree Kanteerava Indoor Stadium, Awadhe Warriors take on Mumbai Masters for a berth in the final of the inaugural event. But given the Warriors’ progress so far, they are no push overs either.On paper, with a line-up of a galaxy of stars including world no. Having lost their first two outings, the Lucknow-based team, riding on the strength of their icon player Sindhu, has delivered three victories on the trot. Srikanth and R. Jorgensen then pulled the beats level with a 21-11, 21-8 win over Ajay Jayaram.

Banga Beats edge past HotshotsStaring down the barrel with a 0-2 deficit, the Banga Beats staged a rousing fightback against Hyderabad Hotshots to win the final league tie of the season 3-2 at the GMC Balayogi Indoor Stadium in Hyderabad on Tuesday. Mogensen then paired up with Aparna Balan and defeated Pradnya Gadre-Tarun Kona 18-21, 21-16, 11-9. Gurusaidutt may find the going tough.M. Another factor that has clicked for the Warriors is the pair of Mathias Boe and Markis Kido. Goh 15-21, 21-15, 11-1. 1 Lee Chong Wei, Mark Zwiebler and the formidable Tine Baun, Masters are the stronger team. On the other hand, against big guns Lee and Zwiebler, Warriors’ men’s singles challengers K. V. Both teams, who have an equal measures of talent and experience come into the last four face-off with 16 points each, having won an identical three matches and lost two each.

 

Oil prices edged down

 

Geopolitical tension will be the focus for investors this week,” ANZ extruder replacement partss Manufacturers Research said in a note.Oil prices had surged after the killing of an Iranian commander by a US drone strike and the launch of Iranian missiles in retaliation, but then slumped as the United States and Iran stepped back from the brink of direct conflict.Meanwhile, expectations of thawing trade tensions between the United States and China, the world’s two biggest oil consumers, have offered support for prices.Four Iraqi soldiers were wounded on Sunday in an attack on an Iraqi air base where US troops have been based, the Iraqi military said.2 per cent, at USD 64. WTI was also down 9 cents, or 0.

Oil prices edged down on Monday as fears of conflict between the United States and Iran eased, although the decline was checked by the planned signing of an initial US-China trade deal this week, which could boost demand.95 a barrel.Global benchmark Brent touched a near four-month high above USD 70 before ending last week below USD 65, although the situation in the Middle East remains tense.Brent crude was down 13 cents, or 0.A US-China trade deal is due to be signed in Washington on Wednesday.85 per barrel at 0120 GMT.

 

The rupee pared its

 

The reference rate for rupee/British pound was fixed at 91.Meanwhile, the 10-year government bond yield was at 6..49 crore from the capital markets on a net basis on Wednesday, provisional data showed.The dollar index, which gauges the greenbacks strength against a China Wholesale Parallel Screw Barrel basket of six currencies, fell 0.On the domestic market front, the 30-share Sensex ended 183.11. Similarly, the broader NSE Nifty ended with a gain of 46 points, or 0.05.12 per cent to 97.00.Brent crude futures, the global oil benchmark, rose 1.The rupee pared its initial losses to settle flat at 70.38 per cent, at 12,012.10 against the US dollar. During the day, the domestic unit fluctuated between a high of 70.97, unchanged from its previous close.3207 and for rupee/100 Japanese yen at 65.The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.Foreign funds purchased shares worth Rs 1,011.

At the interbank foreign exchange market, the rupee had opened weak at 71.31 per cent to trade at USD 62.96 points, or 0.83.51 per cent on Thursday.97 against the US dollar on Thursday after the US-China trade deal hopes enthused investor sentiments.88 and a low of 71.Sustained foreign fund inflows supported the domestic unit though the gains were capped by hardening crude oil prices that breached the USD 62 per barrel mark, forex brokers said.The rupee finally settled at 70.Somaiyaa further said that the optimism regarding the US-China trade deal has led to an appreciation in the rupee and across major equity markets.8861 and for rupee/euro at 78."After opening on a weaker note, the rupee rose marginally against the US dollar after comments from the Chinese ministry that China and the US have both agreed to cancel in phases the tariffs imposed during their prolonged trade war," said Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services Private Ltd.

 

The Financial Benchmark

 

Brent crude dropped 20 cents to USD 66.," V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities, said.22.Besides, the American currencys weakness against its major rivals and a rally in domestic equities supported rupee prospects.."Indian rupee rose along with the Asian currencies on ease of concerns from US China trade deal. The domestic unit swung intra-day between a high of 70.14 against the US dollar.40 crore, provisional data showed.0420 and against euro at 80.Wall Street "will be looking for soothing comments about the future size of China blown film extruders Factory the balance sheet -- the bigger the better -- and insights into future rate hikes", said Jeffrey Halley, senior market analyst at OANDA..97 -- a rise of 17 paise over its previous close. US President Trump has extended March 1 deadline for additional imports from China to come under tariff.Market participants will also watch for December quarter GDP, due this week, which could have an impact on RBIs monetary policy panel interest rate decision.96 and a low of 71.95 per cent, higher at 36,213 and the broader Nifty soared 88.6028.45 points, or 0. The reference rate for the rupee against the British pound was fixed at 92.At the interbank foreign exchange market, the rupee opened on a positive note at 71 against the US dollar..18 per cent at 96.92 per barrel while West Texas Intermediate declined 14 cents at USD 57.09, before settling at 70.82 per cent, to conclude the session at 10,880.

Meanwhile, the dollar index, which tracks the American unit against a basket of six major currencies, was down 0.12 per barrel.33.Forex traders will be closely watching speeches this week from top Federal Reserve officials -- including chairman Jerome Powells appearance in front of lawmakers -- hoping for clues about the banks monetary policy plans.Global equities and crude oil traded higher on higher risk appetite while safe haven dollar and yen currencies are lower, he said.The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee against the dollar at 71.Foreign institutional investors (FIIs) bought equities worth a net Rs Rs 2,134.8808 and against per 100 Japanese yen at 64.On Friday, the rupee had gained 10 paise to end at 71.On domestic bourses, BSE benchmark Sensex on Monday ended 342 points, or 0.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues.Mumbai: The Indian rupee on Monday firmed up by 17 paise to close at 70.35 crore Monday, while domestic institutional investors sold shares to the tune of Rs 1,746.