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Putin and Modi held talks and announce expansion of Russia-India trade ties amid US pressure

NEW DELHI, December 5, 2025 (AP) — Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia. The 23rd Russia-India Summit comes at a pivotal moment as the U.S. pushes for a Ukraine peace deal while seeking global cooperation. It will test New Delhi’s efforts to balance relations with Moscow and Washington as the nearly four-year war in Ukraine grinds on. Putin was received by Modi at an airport in New Delhi

Gold jumps Rs 1,300 to Rs 1,32,900/10g in Delhi amid firm global cues

New Delhi, Dec 5 (PTI) Gold prices jumped by Rs 1,300 to Rs 1,32,900 per 10 grams in the national capital on Friday amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,31,600 per 10 grams on Thursday. In the local bullion market, silver surged by Rs 3,500 to Rs 1,83,500 per kilogram (inclusive of all taxes) from previous close of Rs 1,80,000 per kg. In the international market, spot gold increased by USD 15.10, or 0.36 per cent, to USD 4,223.76 per ounce, while silver

Rupee falls 5 paise to close at 89.94 against US dollar after RBI cuts repo rate

Rupee hits record low

Mumbai, Dec 5 (PTI) The rupee on Friday gave up its initial gains and settled for the day lower by 5 paise at 89.94 (provisional) against US dollar, after the Reserve Bank cut key benchmark interest rate for the first time in six months. Forex traders said the Reserve Bank of India’s (RBI) rate cut will weigh on the rupee, but RBI’s decision to purchase government bonds worth up to Rs 1 lakh crore through open market operations (OMO), combined with a USD 5 billion buy-sell swap, will support the local currency. At the interbank foreign exchange market, the rupee

Stock markets rally as RBI cuts interest rate; Sensex jumps 447 points

Mumbai, Dec 5 (PTI) Stock market benchmark indices Sensex and Nifty rallied on Friday after the Reserve Bank of India (RBI) cut key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy in the face of high US tariffs. Rising for the second day in a row, the 30-share BSE Sensex advanced 447.05 points, or 0.52 per cent, to settle at 85,712.37. During the day, it jumped 531.4 points, or 0.62 per cent, to 85,796.72. The 50-share NSE Nifty climbed 152.70 points, or 0.59 per cent, to 26,186.45.

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