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Rupee falls 7 paise to close at 89.94 against US dollar

Mumbai, Jan 8 (PTI) The rupee fell 7 paise to settle at 89.94 (provisional) against the US dollar on Thursday, weighed down by a host of factors, including higher crude oil prices, foreign fund outflows, and a stronger greenback. The apprehension of any further tariffs by the US and weak sentiments at the domestic equity markets further pressured the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 89.96 and traded in the range of 89.73 to 90.13. It eventually settled at 89.94 (provisional), down 7 paise from its previous close. “India faces big trouble

Trump withdraws US from over 60 global institutions, including UN bodies and International Solar Alliance

United Nations/Washington, Jan 8 (PTI) President Donald Trump has withdrawn the US from over 60 international organisations, including UN bodies and the India-France-led International Solar Alliance, calling the institutions “redundant” and “contrary” to America’s interests. Trump on Wednesday signed a memorandum titled ‘Withdrawing the United States from International Organisations, Conventions, and Treaties that Are Contrary to the Interests of the United States’. After signing, Trump said he has determined that it is “contrary” to the interests of the US to remain a member of, participate in, or otherwise provide support to the 66 UN and Non-United Nations organisations. This includes

Markets log losses for 4th day; Sensex tanks 780 points on renewed trade uncertainties

A screen displays an image of U.S. President Donald Trump at the Bombay Stock Exchange (BSE) in Mumbai, India. (Photo: Reuters

Mumbai, Jan 8 (PTI) Equity benchmark indices Sensex and Nifty fell sharply by nearly 1 per cent on Thursday, continuing their weak momentum for the fourth straight session, due to renewed concerns over potential US tariff hikes amid widespread selling pressure in global markets. Deep losses in metal, oil & gas, and commodity stocks amid unabated foreign fund outflows added to the pressure, analysts said. The 30-share BSE Sensex tanked 780.18 points, or 0.92 per cent, to settle at 84,180.96. During the day, it plummeted 851.04 points, or 1 per cent, to 84,110.10. The 50-share NSE Nifty tumbled 263.90 points

India-US ties in turbulent times, each day a fresh challenge: Congress on Trump’s new tariff threat

New Delhi, Jan 8 (PTI) The Congress on Thursday said the India-US relationship is going through “turbulent times” and each day is a “fresh challenge” as US President Donald Trump backed a sanctions bill that could impose 500 per cent tariffs on countries buying Russian oil. Congress general secretary in charge of communications Jairam Ramesh said the India-US ties are seeing a “new abnormal”, notwithstanding posts of appeasement from the Indian prime minister. “Senator Lindsay Graham, a close ally of President Trump, is pushing a Bill that will impose vast new sanctions on India for its trade and other ties

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