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Rupee sheds US tariff impact; ends 27 paise higher at 85.37 against US dollar

Mumbai, Apr 17 (PTI) The rupee strengthened for the fourth consecutive session and closed 27 paise higher at 85.37 (provisional) against the US dollar on Thursday, hitting the April 3 closing level, on the back of foreign fund inflows in domestic equities and broad weakness in the greenback. The unit has pared all its losses since April 2, when US President Donald Trump announced sweeping reciprocal tariffs on multiple countries. On April 2, the rupee was quoted at 85.52 against the US dollar. According to forex traders, a positive trend in domestic equities following a reprieve from the US tariffs

Centre assures no appointments, no changes to waqf by user, Supreme Court directs Centre to file response within a week

New Delhi, Apr 17 (PTI) The Supreme Court on Thursday directed the Centre to file its stand within a week in the challenge to Waqf (Amendment) Act, 2025 after it was assured by the union government that ‘waqf by user’ or ‘waqf by deed’ properties won’t be denotified till the next hearing. A bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan also recorded the assurance of solicitor general Tushar Mehta, representing the Centre, that no appointments in the central Waqf council and boards will be made in the meantime. Mehta said the government won’t

Trump administration says Harvard University may lose ability to enroll foreign students

WASHINGTON, April 17 (Reuters) – The U.S. Department of Homeland Security said Harvard University will lose its ability to enroll foreign students if it does not meet demands from the Trump administration to share information on some visa holders, marking the government’s latest escalation against the educational institution. Department of Homeland Security Secretary Kristi Noem also announced on Wednesday the termination of two DHS grants totaling more than $2.7 million to Harvard. Noem said she wrote a letter to Harvard demanding records on what she called the “illegal and violent activities” of Harvard’s foreign student visa holders by April 30.

Profit-booking pulls gold off all-time high

April 17 (Reuters) – Gold eased on Thursday as investors booked profits after bullion hit an all-time high earlier, with U.S. restrictions on chip sales to China and continued tariff uncertainty boosting bullion’s safe-haven demand. Spot gold shed 0.1% to $3,338.81 an ounce, as of 0436 GMT, after touching a record high of $3,357.40 earlier in the session. Bullion has gained more than 3% so far this week. U.S. gold futures firmed 0.1% to $3,351. “Everything is going gold’s way, propelling prices to fresh highs. Although pullbacks are reasonable, the precious metal is poised for further gains as trade bedlam

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