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Rupee falls 8 paise to hit record low of 88.18 against US dollar

Mumbai, Sep 2 (PTI) The rupee declined 8 paise to close at an all-time low of 88.18 (provisional) against the US dollar on Tuesday, as Indo-US trade deal uncertainty and weak domestic equity markets pressurised the local unit. Forex traders said the rupee is trading near all-time low levels as risks remained skewed to the downside amid uncertainty over US trade tariffs. Moreover, persistent foreign fund outflows or dollar strength could drive further weakness, they added. On Monday, the rupee revisited its all-time intra-day low of 88.33 against the American currency. At the interbank foreign exchange market, the rupee opened

Stock markets end lower amid profit-taking in banking, auto shares ahead of GST Council meeting

Mumbai, Sep 2 (PTI) Benchmark indices Sensex and Nifty reversed early gains to close lower on Tuesday dragged by last-hour profit-taking in banking and auto shares amid caution ahead of the GST Council meeting. The 30-share BSE Sensex declined 206.61 points or 0.26 per cent to settle at 80,157.88. The barometer opened higher and traded with gains till late afternoon session. However, profit-taking at the fag-end dragged the index down by 752.64 points from the day’s high of 80,761.14. The 50-share NSE Nifty dipped 45.45 points or 0.18 per cent to 24,579.60. During the day, it hit a high of

Tesla gets around 600 orders since India launch, Bloomberg News reports

Sept 2 (Reuters) – Tesla has received orders for just over 600 cars since launching sales in India in mid-July, a number that has fallen short of the company’s own expectations, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Elon Musk-led EV maker now plans to ship between 350 and 500 cars to India this year, of which the first batch is slated to land from Shanghai in early September, Bloomberg News said. Deliveries will initially be limited to Mumbai, Delhi, Pune and Gurugram, the report said, adding the size of shipments is based on the

Xi and Putin reaffirm ‘old friend’ ties in the face of US challenges

BEIJING, September 2, 2025 (AP) — Chinese leader Xi Jinping welcomed Russian President Vladimir Putin as an “old friend” as the two began a series of meetings Tuesday at a time when their countries face both overlapping and differing challenges from the United States. Relations between China and Russia have deepened in recent years, particularly after the Russian invasion of Ukraine in early 2022. Putin addressed Xi as “dear friend” and said that Moscow’s ties with Beijing are “at an unprecedentedly high level.” Following their formal talks, they planned to have another meeting over tea with some of their top

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