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Rupee falls 3 paise to 87.16 against US dollar in early trade

Mumbai, Aug 20 (PTI) The rupee was trading in a tight range and depreciated 3 paise to 87.16 against the US dollar in early trade on Wednesday, tracking weak Asian peers and a negative trend in domestic equities. Forex traders said investors are taking a cautious approach as the market eyes potential Russia-Ukraine talks. Moreover, traders are awaiting cues from the US Federal Reserve Chief Jerome Powell’s speech on the path of monetary policy at the Jackson Hole Symposium this weekend. At the interbank foreign exchange market, the rupee opened at 87.16 against the US dollar, registering a decline of

Stock markets decline in early trade after 4-day rally in-line with weak Asian peers

Mumbai, Aug 20 (PTI) Equity benchmark indices declined in early trade on Wednesday after a four-day rally tracking weak trends in Asian markets. The 30-share BSE Sensex declined 146.64 points to 81,497.75 in initial trade. The 50-share NSE Nifty dropped 47.5 points to 24,933.15. From the Sensex firms, Bajaj Finance, Tata Motors, Trent, Bajaj Finserv, Kotak Mahindra Bank and Tata Motors were among the laggards. However, Eternal, Bharti Airtel, Infosys and NTPC were among the gainers. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng quoted lower. The US markets

Gold hits near 3-week low on stronger dollar, Fed symposium in focus

Aug 20 (Reuters) – Gold hit a near three-week low on Wednesday as the dollar firmed, while investors awaited the Federal Reserve’s Jackson Hole symposium later this week for clues on the path for monetary policy. Spot gold was up 0.1% at $3,318.07 per ounce, as of 0411 GMT, after reaching its lowest level since August 1. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. U.S. gold futures for December delivery rose 0.1% to $3,360.70. A stronger dollar and improving risk appetite from recent geopolitical developments are weighing

INDIA bloc picks B Sudershan Reddy as candidate for Vice Presidential elections; to face NDA’s C P Radhakrishnan

New Delhi [India], August 19 (ANI): The INDIA bloc on Tuesday picked former Supreme Court Judge, Justice B. Sudershan Reddy as its candidate for the upcoming Vice Presidential elections slated to take place on September 9. The announcement was made by Congress president Mallikarjun Kharge in the national capital following the INDIA bloc meeting. B Sudershan Reddy will file his nomination for the Vice Presidential polls on August 21. Congress President Mallikarjun Kharge said, “He will nomination on August 21. Tomorrow, all opposition parties’ MPs are meeting in the central hall at 1 o’clock.” TMC MP Derek O’Brien said, “All

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