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Rupee falls 23 paise to 85.73 against US dollar in early trade

Mumbai, Apr 2 (PTI) The rupee depreciated 23 paise to 85.73 against the US dollar in early trade on Wednesday, weighed down by rising crude prices and escalating concerns over reciprocal tariffs. Forex traders said the Indian rupee opened on a weak note on Wednesday, the first trading session of the fiscal year 2025-26, over Trump’s reciprocal tariffs concerns with investors watching out for how it will affect the country. At the interbank foreign exchange, the rupee opened at 85.65 against the greenback, then lost ground and touched 85.73, down 23 paise from its previous close. On Friday, the rupee

India will be dropping its tariffs very substantially: Trump

New York/Washington, Apr 1 (PTI) US President Donald Trump said India will be “dropping its tariffs very substantially” as he readies to announce reciprocal tariffs on countries on April 2. “I think a lot of (countries) will drop their tariffs because they’ve been unfairly tariffing the United States for years. If you look at the European Union on cars, the European Union already dropped their tariff to 2.5 per cent. It was announced a couple of days ago. A very small tariff. The United States charged very little,” Trump said while responding to questions in the Oval Office on Monday.

Gold surges Rs 2,000 to hit record high of Rs 94,150 per 10 grams

New Delhi, Apr 1 (PTI) Gold prices surged Rs 2,000, the steepest in nearly two months, to hit a fresh peak of Rs 94,150 per 10 grams in the national capital on Tuesday amid persistent buying by stockists and jewellers, according to the All India Sarafa Association. On Friday, the precious metal of 99.9 per cent purity settled at Rs 92,150 per 10 grams. Analysts said the trading sentiment remained firm as gold climbed in the overseas markets on stronger demand for the alternative investment with equity markets sliding. Staying firm for the fourth straight day, gold of 99.5 per

Lok Sabha set to take up Waqf bill for consideration on Wednesday

New Delhi, Apr 1 (PTI) The Lok Sabha will take up the contentious Waqf (Amendment) Bill for discussion and passage on Wednesday, setting the stage for a showdown between a government determined to push it through and an opposition united in condemning the proposed law as unconstitutional. Minorities and Parliamentary Affairs Minister Kiren Rijiju told reporters that the Lok Sabha’s business advisory committee (BAC), which includes leaders from all major parties, chaired by Speaker Om Birla agreed on an eight-hour debate, which could be extended after taking the sense of the House. The early signs of a likely raucous debate

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