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During Yunus’ visit, Japan pledges over USD 1 bn to Bangladesh

Dhaka, May 30 (PTI) Japan on Friday pledged to provide USD 1.06 billion to Bangladesh for budgetary support, railway upgradation and scholarships as it reiterated full support to Mohammad Yunus-led interim government’s reform initiatives amidst protests by political parties in Dhaka over policy issues and election deadline. Japan and Bangladesh exchanged notes under which Tokyo will provide $1.063 billion to Dhaka as support for budget and railway upgradation and grants for scholarships, Yunus’ press wing said. Of the total, Japan will provide USD 418 million dollars as a Development Policy Loan for Bangladesh’s economic reforms and climate resilience, USD 641

Stock markets decline on selling in IT shares, sluggish Asian peers

Mumbai, May 30 (PTI) Stock markets closed lower in a range-bound trade on Friday following losses in IT shares and sluggish trends in Asian markets due to trade uncertainty after a US appeals court temporarily reinstated reciprocal tariffs. The 30-share BSE Sensex declined by 182.01 points or 0.22 per cent to settle at 81,451.01. During the day, it dropped 346.57 points or 0.42 per cent to 81,286.45. The NSE Nifty dipped 82.90 points or 0.33 per cent to 24,750.70. Investors also turned cautious ahead of the release of domestic GDP data post-market hours, analysts said. Among Sensex firms, Tech Mahindra,

Rupee falls 8 paise to settle at 85.56 against US dollar

Mumbai, May 30 (PTI) The rupee pared its initial gains to settle 8 paise lower at 85.56 (provisional) against the US dollar on Friday, as volatility in domestic equities and recovering global crude prices pressured the local currency. However, a steady inflow of foreign funds supported the domestic unit even as investors stayed cautious, awaiting domestic GDP data to be released later in the day, forex traders said. At the interbank foreign exchange, the domestic unit opened at 85.35 and moved between the intra-day high of 85.25 and the low of 85.64 against the greenback. The unit settled the day

Gold rises Rs 100 to Rs 98,600/10 g; silver stays flat

New Delhi, May 30 (PTI) Gold prices rose Rs 100 to Rs 98,600 per 10 grams in the national capital on Friday due to a pick-up demand by the jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity climbed Rs 100 to Rs 98,100 per 10 grams (inclusive of all taxes). In addition, silver prices remained flat for the second straight session at Rs 1,00,000 per kg (inclusive of all taxes) on Friday. On the global front, spot gold dipped by USD 21.91 per ounce or 0.66 per cent to USD

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