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Rupee falls 4 paise to 85.63 against US dollar in early trade

Mumbai, Jul 2 (PTI) The rupee traded in a narrow range and depreciated 4 paise to 85.63 against the US dollar in early trade on Wednesday, as market awaits the conclusion of India-US trade deal, which is at its final stage. Forex traders said the dollar index continued to remain under pressure against major peers as traders considered the dovish hints from FED chair Jerome Powell. At the interbank foreign exchange, the domestic unit opened at 85.59 against the greenback. In initial trade, it witnessed a low of 85.63, registering a fall of 4 paise over its previous close. On

Markets rally in early trade amid optimism around India-US trade deal

Mumbai, Jul 2 (PTI) Benchmark indices Sensex and Nifty rallied in early trade on Wednesday amid optimism around a possible trade agreement with the US. Buying in IT blue-chip stocks also drove the equity markets higher during the initial trade. The 30-share BSE Sensex climbed 236.56 points to 83,933.85 in early trade. The 50-share NSE Nifty went up by 66.3 points to 25,608.10. From the Sensex firms, Infosys, Tech Mahindra, Tata Steel, Sun Pharma, Tata Consultancy Services and Tata Motors were among the biggest gainers. However, Bajaj Finserv, Asian Paints, Bharat Electronics and Bajaj Finance were among the laggards. India’s

Gold hits one-week peak on US dollar’s weakness, tariff uncertainty

New Delhi, July 2, 2025: Gold prices scaled a one-week peak on Tuesday, steered by simmering US dollar’s weakness and uncertainty surrounding the US tariffs talks. Spot gold rose by USD 44.01 or 1.33 per cent to USD 3,346.92 per ounce. Gold prices rebounded Rs 1,200 to Rs 98,670 per 10 grams in India on Tuesday, according to the All India Sarafa Association. The gold prices of 99.9 per cent purity had settled at Rs 97,470 per 10 grams on Monday. Gold of 99.5 per cent purity climbed by Rs 1,100 to Rs 98,150 per 10 grams (inclusive of all

India’s Reliance Communications says SBI to report its loan accounts as ‘fraud’

July 2 (Reuters) – India’s Reliance Communications (RLCM.NS), opens new tab said late on Tuesday that State Bank of India (SBI.NS), opens new tab has decided to report its loan account as “fraud” in a case dating back to August 2016. The state-run lender would also report the name of Reliance Communications’ former director Anil Dhirajlal Ambani to the Reserve Bank of India, the company said, under rules that require key management personnel of fraud accounts to be reported to the regulator. The firm, which is undergoing insolvency proceedings, is a group firm of the Anil Ambani-led Reliance Group. Anil

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