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Rupee falls 6 paise to close at 87.58 against US dollar

Mumbai, Aug 25 (PTI) The rupee pared initial gains to settle 6 paise lower at 87.58 (provisional) against the US dollar on Monday, tracking a strong American currency and a recovery in crude oil prices. Forex traders said investors were cautious ahead of the implementation of the August 27 tariff deadline and the upcoming US economic data ahead of the Federal Reserve’s September 17 meeting. At the interbank foreign exchange market, the rupee opened on a positive note at 87.38, then touched an early high of 87.34 and an intraday low of 87.61 against the US dollar. The domestic unit

Sensex rebounds 329 pts on rally in IT shares, global cues amid US Fed rate cut hopes

Mumbai, Aug 25 (PTI Benchmark BSE Sensex rebounded by 329 points on Monday following heavy buying in IT and auto shares and a rally in global equity markets on hopes of a potential US Federal Reserve rate cut. The 30-share BSE Sensex climbed 329.06 points or 0.40 per cent to settle at 81,635.91 with 20 of its constituents ending higher and 10 with losses. During the day, it jumped 492.21 points or 0.60 per cent to 81,799.06. The 50-share NSE Nifty rose by 97.65 points or 0.39 per cent to 24,967.75. Infosys was the biggest gainer among Sensex firms, rising

“Hallmark of cowardly government”: Rahul Gandhi criticises government over lathi charge of protesting SSC aspirants at Ramleela Maidan

New Delhi [India], August 25 (ANI): Congress leader Rahul Gandhi on Monday criticised the ruling government over the lathi charge on Staff Selection Commission (SSC) aspirants at New Delhi’s Ramleela Maidan that took place yesterday, calling it “hallmark of a cowardly government. In a post on social media X, Rahul lashed out at the Prime Minister Narendra Modi led-government claiming that that they neither cared about the country’s youth and their future, because the government only came to power by stealing votes. रामलीला मैदान में शांतिपूर्ण प्रदर्शन कर रहे SSC अभ्यर्थियों और शिक्षकों पर बर्बर लाठीचार्ज – शर्मनाक ही नहीं,

Gold eases off two-week peak as dollar ticks up

Aug 25 (Reuters) – Gold slipped from a near two-week high on Monday as the dollar crept higher, although increased expectations of interest rate cuts in the U.S. following Federal Reserve Chair Jerome Powell’s dovish pivot last week lent some support to bullion. Spot gold was down 0.2% at $3,365.83 per ounce, as of 0440 GMT, after hitting its highest since August 11 on Friday. U.S. gold futures for December delivery eased 0.2% to $3,410.20. The U.S. dollar index rose 0.2% against its rivals after dropping to a four-week low, making gold less attractive to overseas buyers. “There’s a decent

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