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Rupee rises 12 paise to 88.04 against US dollar in early trade

Mumbai, Sep 16 (PTI) The rupee appreciated 12 paise to 88.04 against the US dollar in early trade on Tuesday as investors are awaiting cues from the US-India trade talks in New Delhi, where American negotiator Brendan Lynch will meet Indian officials on Tuesday. Forex traders said the rupee has faced persistent pressure from uneven flows and US President Donald Trump’s tariff shocks. Accordingly, the Reserve Bank of India has stepped up its presence in the offshore non-deliverable forward (NDF) market to cushion volatility, they said. At the interbank foreign exchange market, the rupee opened at 88.05 against the US

Stock markets rebound in initial trade

Mumbai, Sep 16 (PTI) Benchmark equity indices Sensex and Nifty rebounded in early trade on Tuesday amid hopes of progress in the India-US bilateral trade talks. A day-long talk on the India-US bilateral trade deal will be held on Tuesday. A rally in global peers also instilled optimism in the domestic stock market ahead of this week’s US Federal Reserve policy meeting. The 30-share BSE Sensex climbed 201.69 points to 81,987.43 in early trade. The 50-share NSE Nifty went up by 52.8 points to 25,122. From the Sensex firms, Mahindra & Mahindra, Kotak Mahindra Bank, Axis Bank, Larsen & Toubro,

Gold hits new high as Fed rate-cut hopes dent dollar

Sept 16 (Reuters) – Gold prices scaled a record peak on Tuesday, supported by a weaker dollar ahead of the Federal Reserve’s policy meeting this week, where the central bank is widely expected to cut borrowing rates. Spot gold rose 0.1% to $3,681.18 per ounce as of 0326 GMT, after hitting a record high of $3,689.27 earlier in the session. U.S. gold futures for December delivery were flat at $3,718.50. “The sentiment is very bullish… markets are buying into rate cuts, going into this FOMC decision. The outlook remains strong for gold in the short to medium term,” said Kyle

Economist and ex-CPI(M) leader Prasenjit Bose joins Congress

Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to “save the Constitution”. Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. “We have to protect the Constitution, establish a government that is non-communal. Only the Congress can do that. I have joined the Congress to be part of its

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