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Rupee falls 2 paise to 86.40 against US dollar in early trade

Mumbai, Jul 23 (PTI) The rupee depreciated 2 paise to 86.40 against the US dollar in early trade on Wednesday, amid outflow of foreign funds and higher crude oil prices. According to forex traders, positive sentiment in domestic equity markets capped a sharp fall in the rupee even as the American currency strengthened after the US announced a trade deal with Japan. At the interbank foreign exchange, the domestic unit opened weak at 86.46 and recovered slightly to trade at 86.40 against the greenback in initial deals, 2 paise lower from its previous closing level. At the end of Tuesday’s

Markets trade higher in early deals tracking rally in Asian peers

Mumbai, Jul 23 (PTI) Benchmark indices Sensex and Nifty rallied in early trade on Wednesday tracking a positive trend in Asian markets. Japan securing a trade deal with the US propelled a rally in Asian markets, which in turn added to optimistic trend in domestic equities, an expert said. The 30-share BSE Sensex climbed 288.64 points to 82,475.45 in initial trade. The 50-share NSE Nifty went up by 88.95 points to 25,149.85. From the Sensex firms, Tata Motors, Maruti, Eternal, Mahindra & Mahindra, Adani Ports and Bharti Airtel were among the biggest gainers. However, Titan, State Bank of India, HDFC

Trump says a China trip is ‘not too distant’ as trade tensions ease

WASHINGTON, July 23, 2025 (AP) — President Donald Trump on Tuesday said a trip to China might be “not too distant,” raising prospects that the leaders of the world’s two largest economies may meet soon to help reset relations after moving to climb down from a trade war. Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the “fantastic military relationship” with Manila as the U.S. looks to counter China’s influence in the Indo-Pacific region. Yet, Trump still said the U.S. is “getting along with China very well. We have a

Air India says no issues in locking mechanism of fuel control switches in Boeing fleet

NEW DELHI, July 23, 2025 (AP) — Air India said Tuesday that preliminary inspections found no issues in the locking mechanism of fuel control switches for select Boeing aircrafts. The announcement followed a preliminary investigation into last month’s Air India plane crash that the switches shifted and flipped within seconds, starving both engines of fuel. Air India operates a fleet of Boeing 787 Dreamliners for long-distance operations, while subsidiary and low-cost unit Air India Express operates the Boeing 737 jets for short-haul flights. The airline inspected its entire fleet of both types of aircraft. “In the inspections, no issues were

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