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Rupee falls 5 paise to 90.22 against US dollar in early trade

Mumbai, Jan 13 (PTI) The rupee weakened by 5 paise to 90.22 against the US dollar in early trade on Tuesday, amid a strengthening American currency, higher crude oil prices and incessant outflow of foreign funds. An unprecedented geopolitical concern and global trade uncertainties have accelerated the dollar demand worldwide, adding strength to the greenback and putting pressure on the Indian currency, analysts said. At the interbank foreign exchange, the rupee opened at 90.24 and gained slightly to trade at 90.22 against the greenback in early deals, registering a loss of 5 paise from its previous closing level. On Monday,

China and the EU agree on steps to resolve their dispute over EV imports

HONG KONG, January 12, 2026 (AP) — China and the European Union said Monday they have agreed on steps toward resolving their dispute over the bloc’s imports of Chinese-made electric vehicles. A “guidance document” released by the EU on Monday gives instructions for Chinese EV manufacturers on making price offers for EV exports, including minimum import prices and other details. The EU had imposed tariffs of up to 35.3% on Chinese EV imports in 2024 following an anti-subsidy investigation. The EU said that wide variations in the types of vehicles made it necessary to set specific minimum import prices “appropriate

India’s inflation edges higher but stays below RBI target range

NEW DELHI, Jan 12 (Reuters) – India’s key inflation rate rose at its fastest pace in three months in December as the decline in food prices slowed, data showed on Monday, amid expectations that prices could continue inching up this year. Annual retail inflation quickened to 1.33% in December from 0.71% in November, government data showed. A Reuters poll had projected retail inflation at 1.5%. The print was below the RBI (Reserve Bank of India)’s target range of 2% to 6% for the fourth straight month. India reported inflation of 1.44% in September last year. Food prices fell 2.71% year-on-year

India and Germany sign deals to deepen economic and security ties

NEW DELHI, January 12, 2026 (AP) — Indian Prime Minister Narendra Modi and German Chancellor Friedrich Merz met on Monday in western Gujarat state to push for deeper economic and security ties between the South Asian nation and Europe’s largest economy. Modi and Merz held talks in the city of Gandhinagar, where the two countries signed various agreements to enhance cooperation in the defense sector, skill development, health and education, as both nations seek to reduce dependence on China and bolster economic ties. After the bilateral talks, Modi noted that Germany is India’s most important trading partner in the European

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