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Rupee falls 24 paise to 94.39 against US dollar in early trade

Mumbai, Apr 28 (PTI) The rupee depreciated 24 paise to 94.39 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets. Forex traders said Brent oil continued to move higher at USD 109 per barrel, keeping India’s position vulnerable. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 94.35 against the US dollar, then lost some ground and touched 94.39 against the US dollar in initial

Stock markets open lower amid surging oil prices, foreign fund outflows

Mumbai, Apr 28 (PTI) Stock market benchmark indices Sensex and Nifty drifted lower in opening trade on Tuesday as surging oil prices and foreign fund outflows unnerved investors. The 30-share BSE Sensex declined 208.84 points to 77,094.79 in opening trade. The 50-share NSE Nifty dipped 42.8 points to 24,049.90. From the 30-Sensex firms, State Bank of India, Eternal, UltraTech Cement, InterGlobe Aviation, Trent and Axis Bank were among the biggest laggards. Tata Steel, Bajaj Finance, Kotak Mahindra Bank and Bharat Electronics were among the gainers. Brent crude, the global oil benchmark, traded 0.99 per cent higher at USD 109.3 per

Silver rebounds Rs 3,500, gold gains Rs 200 in Delhi

New Delhi, Apr 27 (PTI) Silver prices rebounded by Rs 3,500 to Rs 2.50 lakh per kg in the national capital on Monday, while gold edged higher to Rs 1.56 lakh per 10 grams amid fresh buying by jewellers and retailers. The white metal had closed at Rs 2,47,000 per kg in the previous session. According to the All India Sarafa Association, gold of 99.9 per cent purity gained Rs 200 to Rs 1,56,100 per 10 grams (inclusive of all taxes). “Gold traded steady on Monday, holding within the previous session’s range as markets navigated mixed global cues,” Saumil Gandhi,

India names Modi party colleague envoy to Bangladesh as ties thaw

NEW DELHI, April 27 (Reuters) – India named veteran politician Dinesh Trivedi as its next high commissioner to Bangladesh on Monday, in a ​rare appointment of a non IFS officer (non–foreign service officer) as New Delhi ‌seeks to reset ties with its eastern neighbour. Ties between the countries soured after a popular uprising forced Bangladesh’s long‑serving Prime Minister Sheikh Hasina to ​flee to New Delhi in 2024, where she remains. ​Trivedi’s appointment highlights India’s push to rebuild trust with ⁠Bangladesh as it faces stiff competition from China for influence and ​business. Trivedi, 75, a former railways and health minister, joined

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