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Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Mumbai, Feb 3 (PTI) The Indian rupee emerged as the best-performing Asian currency on Tuesday, registering a gain of 122 paise or 1.33 per cent in a single trading session to settle at 90.27 (provisional) against the US dollar, after India and the US agreed to a trade deal. Forex traders said the Indian rupee rose to the highest levels in two and a half weeks and rallied by around 1.5 pc on the trade deal between India and the US. Domestic indices also surged by around 2.75 per cent, boosting domestic market sentiments. Further, weakness in crude oil prices

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Mumbai, Feb 3 (PTI) Stock market benchmark indices Sensex and Nifty ended 2.5 per cent higher on Tuesday after India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent. After starting the trade on a buoyant note, the 30-share BSE Sensex further jumped 4,205.27 points or 5.14 per cent to hit the day’s high of 85,871.73. It later ended at 83,739.13, up 2,072.67 points or 2.54 per cent. The 50-share NSE Nifty zoomed 639.15 points or 2.55 per cent to settle at 25,727.55. During the

Rahul authenticates article on ex-army chief’s ‘memoir’ on India-China conflict; LS impasse remains

New Delhi, Feb 3 (PTI) Leader of the Opposition Rahul Gandhi on Tuesday authenticated a copy of an article in the Lok Sabha which cited former army chief M M Naravane’s unpublished ‘memoir’ but it failed to end the impasse over the matter, leading to a brief adjournment. With Gandhi insisting on raising the issue in the Lok Sabha, Chair Krishna Prasad Tenneti moved on to other Speakers and asked Harish Balayogi of the TDP, an NDA constituent, to speak on the President’s address after three opposition MPs refused to speak, showing solidarity with Gandhi. As Balayogi spoke, opposition MPs

India agrees to buy petroleum, defence goods, aircraft from US, official says

NEW DELHI, Feb 3 (Reuters) – India has agreed to buy petroleum, defence goods, electronics, pharma and telecom products as well as aircraft from the U.S. under a trade deal, a government official told Reuters on Tuesday. U.S. President Donald Trump announced a trade deal with India on Monday that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here. Trump said India agreed “BUY AMERICAN

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