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Rupee rises 24 paise to close at 85.48 against US dollar

Mumbai, Jun 27 (PTI) The rupee rose 24 paise to close at 85.48 (provisional) against the greenback on Friday on the back of strong FII inflows and firm domestic equity markets. Lower level of American currency index also favoured the Indian currency though an uptrend in crude oil prices capped its gain, forex traders said. Foreign institutional investors (FIIs) purchased equities worth Rs 12,594.38 crore on a net basis on Thursday, according to exchange data. At the interbank foreign exchange, the rupee opened at 85.50 against the dollar and traded in the range of 85.43-85.65 before settling at 85.48 (provisional),

Markets extend winning run to 4th day on fresh foreign fund inflows; Sensex gains 300 pts

Mumbai, Jun 27 (PTI) Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday, supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. A strengthening rupee against the US dollar and softening crude oil prices in international markets also boosted investor confidence, according to traders. The BSE Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settle at 84,058.90. During the day, it jumped 333.48 points or 0.39 per cent to 84,089.35. On the similar lines, the 50-share NSE Nifty rose 88.80 points or 0.35

Trump says ‘very big’ trade deal coming up with India

Washington, Jun 27 (PTI) US President Donald Trump said a “very big” trade deal is on cards with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries. “We are having some great deals. We have one coming up, maybe with India. Very big one. Where we’re going to open up India,” said Trump while speaking at the “Big Beautiful Bill” event at the White House on Friday. The president said the US signed a trade deal with China. However, he did not elaborate on the details of the deal signed

Congress slams RSS after it calls for reviewing words ‘socialist’, ‘secular’ in Constitution’s Preamble

New Delhi, Jun 27 (PTI) Slamming the RSS for calling for reviewing the words ‘socialist’ and ‘secular’ in the Preamble of the Constitution, the Congress on Friday alleged that the RSS has “never accepted” Babasaheb Ambedkar’s Constitution and that their demand was part of the conspiracy to destroy it. The RSS on Thursday called for reviewing the words ‘socialist’ and ‘secular’ in the Preamble of the Constitution, saying they were included during the Emergency and were never part of the Constitution drafted by B R Ambedkar. Congress general secretary in-charge communications Jairam Ramesh said the RSS has “never accepted” the

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