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India denies discussing release of tankers with Iran for Hormuz passage

NEW DELHI, March 17 (Reuters) – India on Tuesday denied holding talks with Iran about releasing three tankers seized in February in exchange for ensuring safe passage for ​Indian ships through the Strait of Hormuz. Indian authorities seized the three ‌Iran-linked ships near Indian waters alleging they had concealed or altered their identities and were involved in illegal ship-to-ship transfers at sea. Reuters reported on Monday, citing sources, that Iran had asked India to ​release the U.S.-sanctioned ships as part of talks seeking the safe passage of ​Indian-flagged or India-bound vessels out of the Gulf via the Strait. Traffic ⁠has

Silver jumps Rs 6,000, gold rebounds Rs 1,050 on safe-haven demand

New Delhi, Mar 17 (PTI) Precious metal prices rebounded by up to 2 per cent, with silver gaining by Rs 6,000 to Rs 2.62 lakh per kilogram, and gold rose to Rs 1.61 lakh per 10 grams in the national capital on Tuesday, according to the All India Sarafa Association. The white metal increased by Rs 6,000, or 2.34 per cent, to Rs 2,62,500 per kg (inclusive of all taxes). Gold of 99.9 per cent purity in the bullion market also snapped its three-day losing streak, rising by Rs 1,050, or nearly 1 per cent, to Rs 1,61,300 per 10

Rupee falls 12 paise to settle at record low of 92.40 against US dollar

Mumbai, Mar 17 (PTI) The rupee declined 12 paise to settle at an all-time low of 92.40 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve’s interest rate decision, forex traders said. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at

Stock markets rally for 2nd day; Sensex climbs 567 pts on gains in metal, auto shares

Mumbai, Mar 17 (PTI) Benchmark Sensex climbed 567 points and Nifty closed near 23,600 in their second consecutive day of gains on Tuesday, boosted by a rally in metal and auto shares and a positive trend in global markets. The 30-share BSE Sensex jumped 567.99 points or 0.75 per cent to settle at 76,070.84. During the day, it surged 801.41 points or 1.06 per cent to 76,304.26. The 50-share NSE Nifty climbed 172.35 points or 0.74 per cent to end at 23,581.15. From the 30-Sensex firms, Eternal surged the most by 5.70 per cent. Tata Steel, Mahindra & Mahindra, Bharat

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