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Rupee rises 16 paise to close at 85.39 against US dollar

Mumbai, Jul 4 (PTI) The rupee appreciated 16 paise to close at 85.39 (provisional) against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices. Forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the US. US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the crucial July 9 deadline, according to forex traders. At the interbank foreign exchange,

Markets end higher in highly volatile trade led by bank stocks

Mumbai, Jul 4 (PTI) Benchmark indices Sensex and Nifty ended higher on Friday in a highly volatile trade amid buying in bank stocks and a rally in the US markets. After oscillating between highs and lows in intra-day trade, the 30-share BSE Sensex ended 193.42 points or 0.23 per cent higher at 83,432.89. During the day, it hit a high of 83,477.86 and a low of 83,015.83, gyrating 462.03 points. The 50-share NSE Nifty inched higher by 55.70 points or 0.22 per cent to 25,461. From the Sensex firms, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement,

Gold heads for weekly gain as US tax-cut bill stokes fiscal worries

July 4 (Reuters) – Gold rose on Friday, poised for a weekly gain as investors sought safe-haven assets after the passage of U.S. President Donald Trump’s tax-cut and spending bill in Congress raised fiscal concerns. Spot gold rose 0.4% to $3,340.79 per ounce, as of 0424 GMT. Bullion is up more than 2% this week. U.S. gold futures gained 0.3% to $3,351. Trump’s tax-cut legislation cleared its final hurdle in Congress on Thursday, making his 2017 cuts permanent, funding his immigration crackdown, and adding new 2024 campaign tax breaks. Through this bill, “we’re not making any progress on getting our

Foreign medical residents fill critical positions at US hospitals, but are running into visa issues

July 4, 2025 (The Associated Press) – Some hospitals in the U.S. are without essential staff because international doctors who were set to start their medical training this week were delayed by the Trump administration’s travel and visa restrictions. It’s unclear exactly how many foreign medical residents were unable to start their assignments, but six medical residents interviewed by The Associated Press say they’ve undergone years of training and work only to be stopped at the finish line by what is usually a procedural step. “I don’t want to give up,” said a permanent Canadian resident who matched to the

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