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India’s RBI asks state oil refiners to curb spot dollar buying, sources say

NEW DELHI/MUMBAI, April 16 (Reuters) – India’s RBI ‌has urged state-run oil refiners to curb spot dollar purchases and tap a special credit line for their foreign exchange needs, three sources said, reviving measures used earlier in the Ukraine war to ease pressure on the rupee. A surge in oil prices and heavy foreign portfolio outflows have battered the Indian ​currency. The rupee has fallen more than 3% to record lows this year, making it Asia’s worst-performing major currency. Using the ​special credit facility would reduce dollar demand from refiners, helping ease pressure on the rupee, two ⁠of the sources

Trump says Iran war should end ‘soon’, both sides may meet at weekend

WASHINGTON/ISLAMABAD, April 17 (Reuters) – U.S. President Donald Trump expressed confidence that an agreement could soon be reached to end the Iran war and urged the Tehran-aligned Hezbollah group to hold its fire as a 10-day truce went in to effect ​between Lebanon and Israel. Trump said the next meeting between the United States and Iran could take place at the weekend and an extension of a two-week ceasefire was possible, but may not be needed as Tehran wanted ‌a deal. “We’re going to see what happens. But I think we’re very close to making a deal with Iran,” he

Trump says Lebanon and Israel have reached 10-day ceasefire

BEIRUT/WASHINGTON//JERUSALEM, April 16 (Reuters) – Israel and Lebanon agreed to begin a 10-day ceasefire at 5 p.m. EST (2100 GMT) on Thursday following talks this week brokered by Washington, signalling a pause in Israel’s conflict with Iran-backed Hezbollah that has raged in parallel to the war with Iran. U.S. ​President Donald Trump spoke to Lebanese President Joseph Aoun and twice to Israeli Prime Minister Benjamin Netanyahu by phone as the agreement came together, the White House said, and Trump said he expected to host the two leaders ‌in Washington in the next week or two. Israel’s campaign in Lebanon has

Stock markets trade higher in early trade

Mumbai, Apr 17 (PTI) Benchmark indices Sensex and Nifty were trading in positive territory in early trade on Friday, supported by optimism around easing geopolitical tensions and fresh foreign fund inflows. A temporary ceasefire between Israel and Lebanon has added to markets’ optimism, with expectations that this could pave the way for renewed US-Iran negotiations, an expert said. The 30-share BSE Sensex climbed 177.52 points to 78,166.20 in early trade. The 50-share NSE Nifty advanced 37.4 points to 24,234.15. From the 30-Sensex firms, ITC, Adani Ports, Maruti, Trent, Power Grid and Hindustan Unilever were among the major winners. HCL Tech,

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