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Rupee drops 24 paise to 94.25 against US dollar in early trade

Mumbai, Apr 24 (PTI) The rupee stayed on a downward track for the fifth straight day, losing 24 paise to 94.25 against the US dollar in early trade on Friday, weighed by volatile crude oil prices and an elevated US dollar, with prospects of West Asia peace talks turning hazier. Analysts said that despite a ceasefire in place between the United States and Iran, ship movement through the Strait of Hormuz remained uncertain after the US military on Thursday seized another Iranian oil tanker, intensifying the standoff and unsettling the fuel prices worldwide. President Donald Trump has also ordered the

Gold falls Rs 900, silver plunges Rs 5,300 in Delhi

New Delhi, Apr 23 (PTI) Gold prices declined by Rs 900 to Rs 1.56 lakh per 10 grams in the national capital on Thursday, and silver plunged to Rs 2.50 lakh per kilogram amid weak global trends. The yellow metal had finished at Rs 1,57,000 per 10 grams in the previous market session. Gold of 99.9 per cent purity depreciated by Rs 900 to Rs 1,56,100 per 10 grams (inclusive of all taxes) on Thursday, according to the All India Sarafa Association. Silver prices fell Rs 5,300 to Rs 2,50,000 per kg (inclusive of all taxes) from Wednesday’s closing level

Polling held so far in first phase of Bengal polls indicates TMC already in position to win: Mamata

Kolkata, Apr 23 (PTI) West Bengal Chief Minister Mamata Banerjee on Thursday asserted that polling held so far in the first phase of the assembly polls indicates the TMC is already in a position to win. Banerjee, also the Trinamool Congress supremo, said at a rally in Bow Bazar area of Kolkata that she will conquer Delhi taking along all opposition parties, after winning the election. A voter turnout of 89.93 per cent was recorded till 5 pm, as polling was underway in 152 of the 294 assembly seats in phase 1. The next round will take place on April

India’s inflation risks rise on supply-side disruptions, RBI says

MUMBAI, April 23 (Reuters) – India’s inflation risks have increased, ​driven by supply-side disruptions including ‌the Iran war and weather-related uncertainties, the RBI (Reserve Bank Of India) said ​in its monthly economic ​report released on Thursday. Here are ⁠the details: If the West ​Asia conflict persists and supply ​chains are not restored early, that may create challenges to the domestic ​economy Strong macro fundamentals should ​help the economy withstand shocks Inflation may ‌have ⁠been contained within the tolerance band, but upside risks have increased, driven by supply-side ​disruptions including ​weather-related ⁠uncertainties Possible second-round effects with the supply shock ​transforming itself

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