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PM lacks courage to confront Donald Trump over claims that US stopped India-Pak conflict: Rahul Gandhi

Nalanda/Sheikhpura (Bihar), Oct 30 (PTI) Congress leader Rahul Gandhi on Thursday claimed that Prime Minister Narendra Modi lacks the courage to confront US President Donald Trump over America’s assertion that it stopped the India-Pakistan conflict. Addressing a poll rally in Nalanda, Gandhi alleged that Bihar has now become synonymous with paper leaks and poor health infrastructure. “The US President has claimed several times that it was because of him, the conflict between India and Pakistan stopped….But, our prime minister does not have the courage to confront him,” the former Congress chief asserted. Criticising Home Minister Amit Shah for his comments

Gold falls Rs 1,000 to Rs 1,23,400/10g on Fed’s cautious tone, US-China trade progress

New Delhi, Oct 30 (PTI) Gold prices fell by Rs 1,000 to Rs 1,23,400 per 10 grams in the national capital on Thursday amid a firm dollar after the Federal Reserve hinted at a slower pace of rate cuts and progress in US-China trade talks. The precious metal of 99.5 per cent purity depreciated by Rs 1,000 to Rs 1,22,800 per 10 grams (inclusive of all taxes) from Wednesday’s close of Rs 1,23,800 per 10 grams, according to the All India Sarafa Association. In the local bullion market, gold of 99.9 per cent purity had settled at Rs 1,24,400 per

Rupee plunges 48 paise to close at 88.70 against US dollar

Mumbai, Oct 30 (PTI) The rupee depreciated 48 paise to close at 88.70 (provisional) against the American currency on Thursday on a strong US dollar, weak domestic markets, and a hawkish US Fed. Forex traders said the US Federal Reserve slashed interest rates by 25 bps in its Federal Open Market Committee (FOMC) meeting. However, Fed Chair Jerome Powell’s commentary was hawkish, trimming rate-cut expectations for December. Moreover, month-end dollar demand from Oil Marketing Companies (OMCs) and foreign fund outflows may also weigh on the rupee. At the interbank foreign exchange market, the rupee opened at 88.37, and later fell

Sensex tanks 593 points hit by foreign fund outflows, uncertainty over Fed’s future rate cut path

Mumbai, Oct 30 (PTI) Equity markets fell sharply on Thursday, with the Sensex tumbling 592.67 points and the Nifty declining to 25,877.85 level, as fresh foreign fund outflows and no clarity on the future course of rate action by the US Federal Reserve dampened investors’ sentiment. The 30-share BSE Sensex tanked 592.67 points or 0.70 per cent to settle at 84,404.46. During the day, it dropped 684.48 points or 0.80 per cent to 84,312.65. The 50-share NSE Nifty tumbled 176.05 points or 0.68 per cent to 25,877.85. From the Sensex firms, Bharti Airtel, Power Grid, Tech Mahindra, Infosys, Bajaj Finance

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