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Trump says he averted India-Pakistan clash with 250% tariff warning

NEW DELHI, Oct 29 (Reuters) – U.S. President Donald Trump said on Wednesday he prevented a war between India and Pakistan this year by threatening both nations with 250% tariffs, the highest he has mentioned on any country. “If you look at India and Pakistan … they were going at it,” Trump said at the Asia-Pacific summit in South Korea. “Seven planes were shot down. They were really starting to go.” Trump said he called Indian Prime Minister Narendra Modi and Pakistan’s leaders to say that Washington would halt trade and impose the massive tariffs if the fighting that briefly

Gold rebounds Rs 2,600 to Rs 1,24,400/10g on strong global cues

New Delhi, Oct 29 (PTI) Gold prices on Wednesday rebounded by Rs 2,600 to Rs 1,24,400 per 10 grams in the national capital, snapping a two-session losing streak, amid a fresh wave of safe-haven buying ahead of the policy outcome by the US Federal Reserve. Gold of 99.5 per cent purity appreciated by Rs 2,600 to Rs 1,23,800 per 10 grams (inclusive of all taxes) from the previous close of Rs 1,21,200 per 10 grams, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 1,21,800 per 10 grams on Tuesday.

Rupee rises 8 paise to close at 88.21 against US dollar

Mumbai, Oct 29 (PTI) The rupee appreciated eight paise to close at 88.21 (provisional) against the US dollar on Wednesday, on strong domestic markets and optimism over the trade deal between India and the US. Forex traders said upbeat market sentiment, driven by trade deal optimism and easing crude oil prices, enthused investor sentiment, even as importer demand for dollars capped sharp gains. Moreover, investors remain cautious ahead of the US FOMC meeting decision. At the interbank foreign exchange market, the rupee opened at 88.21, and later traded in a range of 88.15 to 88.35 during the day. The local

Stock markets rally on US Fed rate cut hopes, fresh foreign fund inflows

Mumbai, Oct 29 (PTI) Stock market benchmark indices Sensex and Nifty settled in the positive territory on Wednesday, tracking a rally in global peers, amid hopes of a rate cut by the US Federal Reserve and fresh foreign fund inflows. The 30-share BSE Sensex climbed 368.97 points or 0.44 per cent to settle at 84,997.13. During the day, it jumped 477.67 points or 0.56 per cent to 85,105.83. A total of 2,482 stocks advanced, while 1,668 declined and 175 remained unchanged on the BSE. The 50-share NSE Nifty went up by 117.70 points or 0.45 per cent to 26,053.90. “Markets

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