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Rupee rises 25 paise to close at 87.84 against US dollar

Mumbai, Sep 17 (PTI) The rupee appreciated 25 paise to close at 87.84 (provisional) against US dollar on Wednesday, tracking a positive trend in domestic equities and supported by optimism over US–India trade negotiations. Forex traders said the Indian rupee strengthened for the fourth consecutive session on Wednesday and rose to the highest level in two and a half weeks on broad weakness of the American currency amid hopes of a US Fed rate cut. They said investors are closely following the Federal Reserve’s policy decision as dollar softness globally is triggering rupee’s strength. The market is expecting a 25-bps

Stock markets rally for 2nd day amid US trade talk optimism, Fed rate cut hopes

Mumbai, Sep 17 (PTI) Benchmark indices Sensex and Nifty rose for the second day on Wednesday on buying in IT, banking, and auto shares by investors enthused by positive day-long discussions with the visiting US team on a bilateral trade deal. The 30-share BSE Sensex edged higher by 313.02 points or 0.38 per cent to settle at 82,693.71. During the day, it jumped 361.26 points or 0.43 per cent to 82,741.95. The 50-share NSE Nifty climbed 91.15 points or 0.36 per cent to 25,330.25. Growing expectations of a rate cut by the US Federal Reserve and positive US-India discussions on

Federal Reserve wrestles with how many interest rate cuts to make and how fast

WASHINGTON, September 17, 2025 (AP) — With the Federal Reserve widely expected Wednesday to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months? There are typically two different approaches the central bank takes to lowering borrowing costs: Either a measured pace that reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in an often-doomed effort to stave off recession. For now, most economists

First consignment of hilsa fish from Bangladesh reaches India

Kolkata, Sep 17 (PTI) The first consignment of hilsa fish has reached the India-Bangladesh border from the neighbouring country, with eight trucks carrying around 32 tonnes of the popular fish ahead of Durga Puja festivities. Bangladesh had recently approved the export of 1,200 tonnes of hilsa to India for the festive season, with the shipment window fixed between September 16 and October 5. Each truck is loaded with around four tonnes of fish from the Padma river. “The consignment will arrive in Kolkata’s wholesale markets by Wednesday night,” Fish Importers’ Association Secretary Syed Anwar Maqsood said. He said a one-kg

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