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Rupee settles 9 paise lower at 93.44 against US dollar

Mumbai, Apr 15 (PTI) The rupee pared initial gains to settle 9 paise lower at 93.44 (provisional) against the US dollar on Wednesday, as rising crude oil prices after a sharp fall and higher domestic inflation data dampened sentiment. According to forex analysts, strong buying in domestic equities failed to support the rupee even as it gained initially after US President Donald Trump said that a second round of talks with Iran could be held “over the next two days”. At the interbank foreign exchange market, the rupee opened at 93.19 and touched the intraday high of 93.13 against the

Stock markets surge over 1 pc amid US-Iran talks optimism

Mumbai, Apr 15 (PTI) Benchmark stock indices Sensex and Nifty surged over 1 per cent on Wednesday as hopes of renewed diplomatic engagement between the US and Iran and crude oil trading below the USD 100-a-barrel level bolstered investor sentiment. The 30-share BSE Sensex jumped 1,263.67 points or 1.64 per cent to settle at 78,111.24. During the day, it zoomed 1,422.85 points or 1.85 per cent to 78,270.42. The 50-share NSE Nifty climbed 388.65 points or 1.63 per cent to end at 24,231.30. Among the 30-Sensex firms, InterGlobe Aviation, Eternal, Power Grid, Tech Mahindra, Tata Consultancy Services, and Larsen &

India’s wholesale inflation inches up to 3.88% in March, a more than 3-year high

NEW DELHI, April 15 (Reuters) – India’s wholesale prices rose 3.88% ​year-on-year in March, its fastest pace in ‌over three years, driven by higher prices of oil, food and ​manufactured products, government data ​showed on Wednesday. The data was ⁠higher than the 2.13% ​rise a month ago and ​economists’ projection of 3.04%. UPDATE • Wholesale food prices rose 1.85% year-on-year in ​March after rising 1.85% ​in February. • Vegetable prices increased 1.45% ‌year-on-year ⁠in March, as compared to a 4.73% year-on-year increase a month ago. • Prices of ​manufactured products ​rose ⁠3.39% year-on-year in March after a 2.92% ​year-on-year rise

US shuts down Iran’s maritime trade despite optimism for more talks

DUBAI/WASHINGTON, April 15 (Reuters) – The United States said on Wednesday its military had completely halted trade going in and out ​of Iran by sea, while President Donald Trump said talks with Tehran on ending the war could resume this week, sending oil prices down for a second day. Trump said ‌negotiations between U.S. and Iranian officials could resume in Pakistan in the next two days and Vice President JD Vance, who led weekend talks that ended without a breakthrough, said he felt positive about where things stood. “I think you’re going to be watching an amazing two days ahead,”

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