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Rupee falls 21 paise to 94.71 against US dollar in early trade

Mumbai, Jun 18 (PTI) The rupee depreciated 21 paise to 94.71 against the US dollar in early trade on Thursday on US Federal Reserve’s hawkish stance and the broad strength of the American currency in the overseas market. Forex traders said the dollar Index rose to 100.23 levels, a 4-month high, due to a hawkish FED. The FED Reserve held interest rates steady as widely anticipated but implied that at least one quarter-point rate hike would come later this year. At the interbank foreign exchange market the rupee opened at 94.66, then touched 94.71, registering a fall of 21 paise

Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance

WASHINGTON, June 18, 2026 (AP) — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened concerns about persistent inflation among Fed officials. In an unusually short statement after their two-day meeting, the officials dropped language that had suggested their next move would be to cut the key rate. The brief statement reflects the influence of new chair Kevin Warsh, who was appointed by Trump. Warsh has previously criticized the

Sena (UBT) meeting in Delhi to decide party’s future, fate of dissidents

Mumbai, Jun 18 (PTI) A crucial meeting of the Shiv Sena (UBT) Parliamentary Party in New Delhi on Thursday will determine whether the bid by dissident MPs to form a separate group will succeed, coming just a day after a whip was issued directing lawmakers to attend the meet. The move was initiated after heightened speculation that a section of rebel Shiv Sena (UBT) MPs was planning to form a separate group in the Lok Sabha and later merge with the Eknath Shinde-led Shiv Sena. The Shiv Sena (UBT), headed by former Maharashtra CM Uddhav Thackeray, issued a whip on

US and Iran sign initial deal to end war, ease sanctions and open strait as nuclear talks continue

WASHINGTON, June 18, 202 (AP) — President Donald Trump signed an agreement with Iran on Wednesday that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington, according to details released by both countries. The initial deal to end the war takes “immediate effect” after leaders from both countries signed it, Pakistani Prime Minister Shehbaz Sharif, who helped mediate the agreement, said online. The agreement calls for a permanent end to hostilities and starts a 60-day negotiating clock

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