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Rupee recovers 18 paise to settle at 96.55 against US dollar

Mumbai, Jul 24 (PTI) The rupee recovered 18 paise to close at 96.55 (provisional) against the US dollar on Friday amid likely intervention by the Reserve Bank of India (RBI). A combination of factors, including heightened tensions in West Asia, FII outflows, and sustained negative sentiments at the domestic equity markets, maintained pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened weaker at 96.81 and traded in the range of 96.30-96.81 before eventually settling at 96.55 (provisional), up 18 paise from its previous close. The rupee ended 20 paise weaker at 96.73

Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions

Mumbai, Jul 24 (PTI) Market benchmark indices Sensex and Nifty ended lower on Friday, extending the losing streak for the fifth consecutive session, as investors remained cautious due to rising oil prices amid geopolitical tensions in West Asia and renewed concerns over US trade tariffs. Fresh foreign fund outflows and selling in blue-chip HDFC Bank also dented market sentiment. The 30-share BSE Sensex declined 331.62 points, or 0.43 per cent, to settle at 76,059.77. During the day, it tanked 916.96 points, or 1.20 per cent, to 75,474.43. The 50-share NSE Nifty dipped 102.15 points, or 0.43 per cent, to end

No talks until Pradhan resigns, PM apologises for brutality against students: Rahul

New Delhi, Jul (PTI) Senior Congress leader Rahul Gandhi on Friday said that no discussion would be held with the government until Education Minister Dharmendra Pradhan resigns taking accountability for exam paper leaks, and Prime Minister Narendra Modi apologises for the alleged police brutality against the protesting students in Delhi. Speaking in the Parliament House complex, the Leader of Opposition in the Lok Sabha also claimed that he was not allowed to speak on the floor of the House. “(Parliamentary Affairs Minister Kiren) Rijiju ji made a statement in Lok Sabha asking Congress MPs to start a discussion. Whenever someone

Indian government seeks time on minister resignation demand

NEW DELHI, July 24 (Reuters) – Leaders of India’s youth-led “cockroach” movement said ‌on Friday that the government has asked for time until Saturday afternoon to respond on their demand for the education minister’s resignation, following talks between the two sides. The talks came hours after activist Sonam Wangchuk ​ended his 26-day hunger strike, raising hopes that the two sides could reach a ​breakthrough after tens of thousands of angry youth converged in the capital ⁠Delhi to demand the minister’s resignation over exam paper leaks. The anti-government protests represent the biggest youth ​challenge to Prime Minister Narendra Modi since he

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