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All ‘taarif’ between him and ‘Howdy Modi’ has meant little: Congress on Trump’s 25-pc tariff

New Delhi, Jul 30 (PTI) The Congress took a swipe at Prime Minister Narendra Modi on Wednesday after Donald Trump imposed a 25-per cent tariff and penalties on Indian imports and said his friendship with the US president meant little. The opposition party also said Modi should take inspiration from former prime minister Indira Gandhi and stand up to the president of the United States. “President Trump has slapped a tariff of 25 per cent plus penalty on imports from India. All that ‘taarif’ between him and ‘Howdy Modi’ has meant little,” Congress general secretary Jairam Ramesh said in a

Gold snaps 5-day losing run; climbs Rs 700 to Rs 98,520/10 g

New Delhi, Jul 30 (PTI) Cutting short the five-day losing streak, gold prices rebounded by Rs 700 to Rs 98,520 per 10 grams in the national capital on Wednesday due to fresh buying by stockists, according to the All India Sarafa Association. On Tuesday, the precious metal of 99.9 per cent purity had closed at Rs 97,820 per 10 grams. In the national capital, gold of 99.5 per cent purity increased Rs 650 to Rs 98,200 per 10 grams (inclusive of all taxes) on Wednesday. The yellow metal had settled at Rs 97,550 per 10 grams in the previous market

Rupee slumps 52 paise to close at 87.43 against US dollar

Mumbai, Jul 30 (PTI) The rupee depreciated 52 paise to close at 87.43 (provisional) against the US dollar on Wednesday, on uncertainty over India-US trade deal after US President Donald Trump hinted at tariff rates of around 20-25 per cent ahead of the deadline of August 1. Forex traders said month-end dollar demand from importers and sustained foreign fund outflows weighed on the local unit. At the interbank foreign exchange, the domestic unit opened at 87.10 against the greenback and touched an intra-day low of 87.05 against the greenback. At the end of Wednesday’s trading session, the local unit settled

Stock markets advance for 2nd day on buying in L&T; Sensex gains 144 pts

Mumbai, Jul 30 (PTI) Benchmark stock indices Sensex and Nifty ended higher on Wednesday, driven by heavy buying in infrastructure major Larsen & Toubro. Rising for the second day, the 30-share BSE Sensex climbed 143.91 points or 0.18 per cent to settle at 81,481.86. During the day, the barometer moved in a tight range and rose by 281.01 points or 0.34 per cent to hit a high of 81,618.96. The 50-share NSE Nifty went up by 33.95 points or 0.14 per cent to 24,855.05. US trade deal uncertainty and foreign fund outflows restricted the market rally to a large extent,

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