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Rupee rises 7 paise to 90.40 against the US dollar in early trade

Mumbai, Feb 5 (PTI) The rupee traded in a narrow range and gained 7 paise to 90.40 against the US dollar in early trade on Thursday, amid corporate dollar demand and as investors are awaiting for confirmation on the India-US trade deal. Forex traders said market participants are now shifting focus from celebration to verification as no official documents have been released, and neither side has formally published the final terms. Moreover, investors are awaiting cues from Friday’s RBI interest rate announcement. At the interbank foreign exchange market, the rupee opened at 90.52 against the US dollar, then gained some

Stock markets decline in early trade after 3-day rally

Mumbai, Feb 5 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Thursday after a three-day rally amid a weak trend in global stock markets. After starting the trade on a bearish note, the 30-share BSE Sensex further dropped 278.72 points to 83,538.97. The 50-share NSE Nifty declined 94.15 points to 25,681.85. From the Sensex firms, InterGlobe Aviation, Bharat Electronics, Axis Bank, Larsen & Toubro, Tata Steel and Bharti Airtel were among the major laggards. Hindustan Unilever, Trent, NTPC, Infosys, Tata Consultancy Services and State Bank of India were among the gainers. In Asian markets, South Korea’s Kospi

Indo-US trade pact may harm farmers, full details must be disclosed: Congress

Indore, Feb 4 (PTI) Congress on Wednesday demanded that the Union government make full details of the Indo-US trade agreement public, claiming that it could hit the Indian farmers hard. Recent announcements by US President Donald Trump and his administration suggested that India would buy more “Make in America” products under the pact, said party spokesperson Supriya Shrinate here. “It is extremely unfortunate that our elected government is not giving even a single clear piece of information about this agreement,” she said, adding that the Narendra Modi-led government should disclose the complete details. Following the trade agreement, US agricultural and

Silver soars to hit near Rs 3 lakh/kg; gold jumps to Rs 1.65 lakh/10g

New Delhi, Feb 4 (PTI) Precious metals extended their sharp rally for the second straight day in the national capital on Wednesday, with silver prices surging to Rs 2.98 lakh per kg and gold climbing to Rs 1.65 lakh per 10 grams. Firm global trends, a weak US dollar, which revived investor interest in precious metals after last week’s steep sell-off, contributed to the surge, traders said. According to the All India Sarafa Association, silver soared by Rs 14,300, or 5.03 per cent, to Rs 2,98,300 per kilogram (inclusive of all taxes). The white metal closed at Rs 2,84,000 per

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