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Rupee recovers 22 paise from all-time low to close at 87.58 against US dollar

Rupee hits record low

Mumbai, Jul 31 (PTI) The rupee recovered 22 paise from its all-time low to 87.58 (provisional) against the US dollar on Thursday, amid lower crude prices and suspected RBI interventions, after US President Donald Trump’s announcement of 25 per cent tariffs on Indian imports and a penalty for buying Russian Crude. Forex traders said the rupee, after plunging 89 paise, logging its steepest single-day fall in over three years on Wednesday, recovered some lost ground but the broader outlook remains cautious. At the interbank foreign exchange, the domestic unit opened at 87.66 against the greenback, touched an intra-day low of

Sensex, Nifty decline on concerns over US tariff imposition

Mumbai, Jul 31 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Thursday after US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1 and an unspecified penalty for buying Russian crude oil and military equipment. Halting its two-day rally, the 30-share BSE index declined 296.28 points, or 0.36 per cent, to settle at 81,185.58 after recovering some lost ground during the afternoon trade. During the morning session, the gauge tanked 786.71 points, or 0.96 per cent, to 80,695.15. The 50-share NSE Nifty dropped 86.70 points or

Pakistan and US reach a trade agreement to develop oil reserves and lower tariffs

ISLAMABAD, July 31, 2025 (AP) — The United States and Pakistan reached a trade agreement expected to allow Washington to help develop Pakistan’s largely untapped oil reserves and lower tariffs for the South Asian country, officials from both nations said Thursday. Officials did not specify where the exploration would take place, but most of Pakistan’s reserves are believed to be in the insurgency-hit southwestern province of Balochistan, where separatists say the province’s natural resources are being exploited by the central government in Islamabad. “We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States

Sensex, Nifty tank in early trade as US announces 25 pc tariff plus penalty on India from Aug 1

Mumbai, Jul 31 (PTI) Benchmark equity indices Sensex and Nifty tumbled in early trade on Thursday after US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment. The 30-share BSE Sensex tanked 786.36 points to 80,695.50 in opening trade. The 50-share NSE Nifty tumbled 212.8 points to 24,642.25. The announcement is being seen as a pressure tactic to get New Delhi to agree to demands made by the US, which has, in recent days, got favourable

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