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Markets trade marginally higher after muted start

Mumbai, Jul 8 (PTI) Equity benchmark indices Sensex and Nifty were trading marginally higher in the morning trade on Tuesday after a weak beginning as investors stayed on the sidelines ahead of the formal announcement of a trade deal with the US. Rally in Asian markets and fresh foreign fund inflows also helped markets recover the early lost ground, analysts said. After a muted start, the 30-share BSE Sensex further declined 121.55 points to 83,320.95 in early trade. The 50-share NSE Nifty dipped 37.15 points to 25,424.15. However, soon both the benchmark indices recovered the early lost ground and were

Rupee rises 22 paise to 85.72 against US dollar in early trade

Mumbai, Jul 8 (PTI) The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to settle at 85.94 against the US dollar on Monday. “The rupee recovered towards closing

Trump announces 35% tariff on products from Bangladesh

New York/Washington, Jul 8 (PTI) US President Donald Trump has announced a 35 per cent tariff on products imported from Bangladesh. The Trump administration sent the first tranche of “letters” to various countries on Monday, detailing the tariffs that the US will impose on products from them. The countries that got these letters, signed by Trump, were Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People’s Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand and Tunisia. In a letter to Bangladesh’s Chief Advisor Muhammad Yunus, Trump said that starting on August 1, 2025 “we will charge Bangladesh a

US close to making trade deal with India: Trump

New York/Washington, Jul 8 (PTI) The US is close to making a trade deal with India, President Donald Trump has said. “Now, we’ve made a deal with the United Kingdom, we’ve made a deal with China….We’re close to making a deal with India. Others we met with and we don’t think we’re going to be able to make a deal, so we just send them a letter. If you want to play ball, this is what you have to pay,” Trump said on Monday. The remarks came as the Trump administration sent out the first tranche of “letters” to various

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