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Rupee falls 4 paise to 90.24 against US dollar in early trade

Mumbai, Jan 5 (PTI) The rupee opened weak and declined 4 paise to 90.24 against the US dollar in early trade on Monday, as geopolitical uncertainties triggered by the US intervention in Venezuela fuelled the demand for the American currency. According to forex traders, the rupee is expected to trade lower due to geopolitical development, even though a lower crude prices could provide some cushion. At the interbank foreign exchange market, the rupee opened at 90.21 against the US dollar and lost further to trade at 90.24 against the greenback in early deals. On Friday, the rupee settled lower by

Stock markets decline in early trade dragged by IT firms

Mumbai, Jan 5 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Monday, dragged by blue-chip IT stocks. The 30-share BSE Sensex dropped 125.96 points to 85,636.05 during early trade. The 50-share NSE Nifty dipped 30.95 points to 26,297.60. From the 30-Sensex firms, HCL Tech, Infosys, Tech Mahindra, HDFC Bank, Tata Consultancy Services, and NTPC were among the biggest laggards. However, Bharat Electronics, Tata Steel, Axis Bank, and Reliance Industries were among the gainers. Foreign Institutional Investors (FIIs) bought equities worth Rs 289.80 crore on Friday, according to exchange data. Domestic institutional investors (DIIs) also bought stocks

‘PM Modi knew I wasn’t happy’: Trump hints at new tariffs over Russian oil

New York/Washington, Jan 5 (PTI) US President Donald Trump has said Prime Minister Narendra Modi “knew he was not happy” with India’s purchases of Russian oil and that Washington can raise tariffs on New Delhi “very quickly”. These remarks were made by President Trump while talking to reporters on Sunday aboard Air Force One en route to Washington DC from Florida. “They (India) wanted to make me happy, basically. Modi is a very good man; he is a good guy. He knew I was not happy, and it was important to make me happy. They do trad,e and we can

US lawmakers write to Indian envoy seeking ‘fair and timely’ trial for activist Umar Khalid

New York, Jan 2 (PTI) A group of American lawmakers has written a letter to Indian Ambassador to the US Vinay Kwatra, urging a “fair and timely” trial for activist Umar Khalid in “accordance with international law.” US Representatives Jim McGovern and Jamie Raskin are among eight lawmakers who have expressed concern regarding the “prolonged pre-trial detention of individuals charged in connection with the February 2020 violence in Delhi,” including Khalid.  In a related development, New York City Mayor Zohran Mamdani has written a note for Khalid, recalling his words on “bitterness” and the importance of not letting it “consume

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