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Rupee falls 16 paise to 88.01 against US dollar in early trade

Mumbai, Sep 18 (PTI) The rupee depreciated 16 paise to 88.01 against the US dollar in early trade on Thursday, as traders assessed the US FED outlook following a rate cut. The US FED reduced rates by a quarter point as expected and indicated that it will steadily lower borrowing costs for the rest of the year. At the interbank foreign exchange market, the rupee opened at 87.93, then lost ground and touched an early low of 88.01 against the US dollar, registering a decline of 16 paise over its previous close. On Wednesday, the rupee appreciated 24 paise to

Stock markets surge in early trade on buying in IT counters after US Fed rate cut

Mumbai, Sep 18 (PTI) Benchmark indices Sensex and Nifty started the trade on a buoyant note on Thursday propelled by buying in IT stocks after the US Federal Reserve cut its key interest rate by 25 basis points and signalled the possibility of two additional rate reduction this year. The 30-share BSE Sensex rallied 447.5 points to 83,141.21 in early trade. The 50-share NSE Nifty climbed 118.7 points to 25,448.95. From the Sensex firms, Infosys, HCL Tech, Tech Mahindra, HDFC Bank, Sun Pharma and Tata Motors were among the major gainers. However, Bajaj Finance, Tata Steel, UltraTech Cement and Kotak

Sikh leaders urge India to lift ban on pilgrims traveling to Pakistan shrine

ISLAMABAD, September 17, 2025 (AP) — Sikh community leaders urged New Delhi to lift a ban recently imposed on pilgrims traveling to Pakistan to visit the shrine of Guru Nanak, the founder of their faith. They said the move violates international norms and moral values. The appeal came from Mahesh Singh, vice president of the Pakistan Sikh Gurdwara Parbandhak Committee, the official body that manages Sikh shrines in Pakistan, where many holy places of Sikhs are located. His remarks followed the Indian government’s Sept. 12 decision to deny permission for Sikhs to cross into Pakistan for Guru Nanak’s birth anniversary,

Gold retreats from peak level to trade Rs 1,300 lower at Rs 1.13 lakh/10 g on profit booking

New Delhi, Sep 17 (PTI) Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserve’s policy decision. According to the All India Sarafa Association, gold of 99.5 per cent purity declined by Rs 1,300 to Rs 1,13,300 per 10 grams (inclusive of all taxes) on Wednesday. On Tuesday, the precious metal of 99.9 per cent and 99.5 per cent purity had jumped Rs 1,800 each to touch a lifetime high of Rs 1,15,100 and Rs

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