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Rupee plunges 47 paise to close at 85.87 against US dollar

Mumbai, Jul 7 (PTI) The rupee fell sharply by 47 paise to close at 85.87 (provisional) against the US dollar on Monday amid rising global crude oil prices and a strong American currency. Outflow of foreign funds fuelled by uncertainties over US President Donald Trump’s trade tariffs put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.53 against the US dollar and traded in the range of 85.51-86.03 before settling at 85.87 (provisional), lower by 47 paise from its previous close. The rupee had settled at 85.40 against the

Sensex, Nifty close almost unchanged amid caution ahead of US tariff deadline

Mumbai, Jul 7 (PTI) Benchmark stock indices Sensex and Nifty closed almost unchanged on Monday in a highly volatile trade amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows. After oscillating between highs and lows, the 30-share BSE Sensex finally ended 9.61 points or 0.01 per cent up at 83,442.50. The index moved between a high of 83,516.82 and a low of 83,262.23 during the day. The 50-share NSE Nifty ended unchanged at 25,461.30. Volatile trends engulfed markets amid concerns surrounding the US-India trade deal, experts said. July 9 marks

China protests to India over PM Modi’s greetings to Dalai Lama on his birthday

Beijing, Jul 7 (PTI) China said on Monday it protested to India over Prime Minister Narendra Modi’s greetings to the Dalai Lama on his 90th birthday and the attendance of Indian officials at the celebrations, stressing New Delhi should fully appreciate Beijing’s sensitivities on Tibet-related issues. China’s position on Tibet-related affairs is consistent and clear and it’s known to all, Chinese Foreign Ministry spokesperson Mao Ning told a media briefing here. Mao was replying to a question on Prime Minister Modi’s greeting the Dalai Lama on his 90th birthday and the attendance of senior Indian officials at his birthday celebrations.

Supreme Court to hear on July 10 pleas against EC’s decision to revise electoral rolls

New Delhi, Jul 7 (PTI) The Supreme Court on Monday agreed to hear on July 10 a batch of petitions challenging the decision of the Election Commission to undertake special intensive revision of electoral rolls in poll-bound Bihar. A partial working day (PWD) bench comprising Justices Sudhanshu Dhulia and Joymalya Bagchi took note of the submissions of a battery of senior lawyers led by Kapil Sibal on behalf of several petitioners and agreed to hear the pleas on Thursday. Sibal, who appeared for RJD MP Manoj Jha, urged the bench to issue notices to the poll panel on the petitions,

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