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Rupee falls 9 paise to close at 90.74 against US dollar

Mumbai, Feb 9 (PTI) The rupee witnessed a volatile trading session and settled for the day on a lower note, down 9 paise at 90.74 (provisional) against the US dollar on Monday, as traders assessed the details of the India-US interim trade framework. Forex traders said the rupee witnessed high volatility as the support from positive domestic equities and foreign fund inflows was negated by risk-off sentiments among investors. At the interbank foreign exchange market, the rupee opened at 90.66 against the US dollar, then gained some ground to touch 90.37, registering a gain of 28 paise over its previous

Opposition likely to move resolution to remove Lok Sabha Speaker Birla from office

New Delhi, Feb 9 (PTI) The opposition is considering moving a resolution to remove Lok Sabha Speaker Om Birla from office for disallowing Rahul Gandhi and other opposition leaders from speaking in the House on the Motion of Thanks to the President’s address, as well as for the suspension of eight MPs. At the same time, Gandhi, the leader of the opposition in the Lok Sabha, and some others met Birla on Monday afternoon to work out a solution to end the stalemate, as the House has not been functioning properly ever since the former Congress chief was not allowed

Markets end higher on trade deal optimism; Sensex reclaims 84k-mark

Mumbai, Feb 9 (PTI) Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks. The 30-share BSE Sensex jumped 485.35 points, or 0.58 per cent, to close at 84,065.75. During the day, the benchmark surged 734.28 points, or 0.87 per cent, to hit an intraday high of 84,314.68. The 50-share NSE Nifty appreciated by 173.60 points, or 0.68 per cent, to settle at 25,867.30. During the session, the index climbed 228.55 points, or 0.88

Indian farm unions, opposition vow to fight India-US trade pact

NEW DELHI, Feb 9 (Reuters) – Indian farm unions and opposition parties have called for nationwide protests against the new India-U.S. trade framework, saying it risks hurting the farm sector by allowing more U.S. imports, although the government says key staples are protected. The agreement has become a political flashpoint, reviving memories of the 2020–21 farm law protests, when the government was forced to repeal three laws aimed at deregulating agricultural markets. The government has defended the pact, saying farmers’ interests are protected by excluding imports of grains such as rice, wheat, corn and dairy products, while growers of basmati

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