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The rupee on Friday opened 23 paise lower at 70.26 against the US dollar on Friday amid rise in crude oil prices. The domestic currency on Thursday surged by 31 paise to close at 70.03.

Distribution of gold cards, launch of new software for contractor loans, and declaration of annual financial are also packed into the event, an official spokesman said

Small Industries Development Bank of India (SIDBI) on Thursday reported a 28.22 per cent jump in net profit at Rs 519.36 crore for the March quarter as against Rs 405.06 crore in year-ago period.

Abdul Momin used to work at a garment factory in Dhaka a couple of years ago. Now he runs a small factory at his Banglabazar village home and produces T-shirts that are exported to a neighbouring country.

SIAL China 2019 has paved the way for stronger business ties between Chinese entrepreneurs and Vietnamese food producers. Various food products from Vietnam are currently on show at the Shanghai exhibit.

The apparel export industry is facing several short and long term challenges following the Easter Sunday attacks, the industry officials said.

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