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Rupee plunges 31 paise to 93.75 against US dollar in early trade
Mumbai, Apr 22 (PTI) The rupee stayed weak for the third straight session, falling 31 paise to 93.75 against the US dollar in early trade on Wednesday, weighed down by higher crude oil prices amid uncertainties over a West Asia peace agreement. Selling pressure in domestic equity markets and withdrawal of foreign capital further pressured the Indian currency, forex traders said. At the interbank foreign exchange market, the rupee opened at 93.69 and fell to 93.76 before trading at 93.75 against the greenback in early deals, registering a loss of 31 paise from the previous closing level. The rupee plunged
Stock markets fall in early trade dragged by IT firms
Mumbai. Apr 22 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday after a three-day rally, dragged by heavy selling in IT stocks. Foreign fund outflows and fears of possibility of prolonged instability in West Asia also dented markets’ sentiment. The 30-share BSE Sensex declined 494.12 points to 78,779.21 in early trade. The 50-share NSE Nifty dropped 142.2 points to 24,434.40. From the 30-Sensex firms, HCL Tech tumbled nearly 9 per cent after its March quarter earnings failed to cheer investors. HCL Tech on Tuesday reported a 4.20 per cent on-year rise in consolidated net profit
Silver, gold rise as geopolitical uncertainty in West Asia keeps bullion in focus
New Delhi, Apr 21 (PTI) Silver prices rose Rs 700 to Rs 2.58 lakh per kilogram in the national capital on Tuesday, while gold also edged higher amid geopolitical uncertainty and mixed global cues. According to the All India Sarafa Association, gold of 99.9 per cent purity gained Rs 300 to Rs 1,57,300 per 10 grams (inclusive of all taxes). Gold prices saw a slight uptick in the domestic markets as geopolitical tensions in the Middle East continue to escalate, prompting investors to seek safe-haven assets, Gaurav Garg, Research Analyst at Lemonn Markets Desk, said. However, global trends remained weak.
Trump says he does not want to extend ceasefire with Iran
WASHINGTON, April 21 (Reuters) – President Donald Trump told CNBC in an interview on Tuesday that he did not want to extend a ceasefire with Iran, adding the U.S. was in a strong negotiating position and would end up with what he called a great deal. “I don’t want to do that. We don’t have that much time,” Trump said when asked about the possibility of extending the ceasefire. Washington has expressed confidence that talks with Iran will go ahead in Pakistan, and a senior Iranian official said Tehran was considering joining. With the prospect of last-ditch further peace talks
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