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Rupee surges 77 paise to settle at 95.08 against US dollar

Mumbai, Jun 12 (PTI) The rupee surged 77 paise to close at 95.08 (provisional) against the greenback on Friday as global oil prices fell sharply after US President Donald Trump indicated an imminent deal with Iran. A firm trend in domestic equity markets and a weaker American currency also supported the rupee during the day, forex traders said. Trump has said a deal to end the war with Iran is nearly complete, and is expected to be signed over the weekend in Europe, as he called off military strikes on the Islamic Republic hours after threatening to take control of

Free govt bus travel for women in West Bengal

Kolkata, Jun 12 (PTI) Free ride for women on West Bengal government-run buses has been a welcome move for many. However, private bus operators say they have been suffering losses due to the outflux of women passengers to state-run buses and higher fuel costs. To offset losses, operators are seeking support from the state government through a “kilometre scheme”, under which the transport department integrates privately owned buses into its fleet, while owners provide drivers and maintain the vehicles for a fixed payment per kilometre operated. The secretary of the Joint Council of Bus Syndicates, Tapan Banerjee, said every private

Trump is raising expectations that this time he really will close deal with Iran to wind down war

WASHINGTON, June 12, 2026 (AP) — President Donald Trump has long been looking for this weekend to be a big one for his presidency. The World Cup returns to the U.S. on Friday for the first time in 32 years after Trump threw himself into winning the bid to co-host the soccer tourney during his first term. He’ll be feted Sunday, his 80th birthday, during a UFC fight night that’s expected to draw thousands to the White House grounds. Hours after the final bout, he’s scheduled to jet off to the G7 summit in the French Alps for talks with

India willing to let fiscal deficit widen to 4.8% of GDP, Bloomberg News reports

June 12 (Reuters) – India is preparing for a wider-than-expected budget deficit this year, Bloomberg News reported ​on Friday, citing an official familiar with the ‌matter, as the war in Iran raises fuel subsidy costs and pressures government finances. Reuters could not immediately verify the report and has sought ​comment from India’s finance ministry. The country, the world’s ​third-largest oil importer and consumer, is willing to let ⁠the budget gap widen by as much as 50 ​basis points to 4.8% of GDP compared with the 4.3% ​target for this fiscal year that started on April 1, according to the report.

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