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Rupee rises 65 paise to 86.13 against US dollar over hopes of Iran-Israel ceasefire

Mumbai, Jun 24 (PTI) The rupee rose sharply by 65 paise to 86.13 against the US dollar in early trade on Tuesday as crude oil prices fell following hopes of a ceasefire between Iran and Israel. A weak greenback and a strong opening in the domestic equity markets further boosted the rupee, according to forex traders. Brent crude, the global oil benchmark, declined 2.73 per cent to USD 69.53 per barrel in futures trade as US President Donald Trump announced that Iran and Israel were close to a ceasefire. At the interbank foreign exchange, the local unit opened at 86.07

Gold at near 2-week low after Trump announces Israel-Iran ceasefire

June 24 (Reuters) – Gold prices fell to a near two-week low on Tuesday as risk appetite improved after U.S. President Donald Trump said Iran and Israel had agreed to a ceasefire, denting demand for safe-haven assets. Spot gold was down 0.5% to $3,351.47 an ounce, as of 0257 GMT, after hitting its lowest level since June 11 earlier in the session. U.S. gold futures slipped 0.9% to $3,365.30. “It seems like there’s a good bit of geopolitical risk that’s exiting the market here near term after, of course, we have signs of de-escalation between the U.S. and Iran,” said

No dearth of funds, says Gadkari; cites bureaucracy’s lack of novel ideas as problem

Pune, Jun 24 (PTI) Union minister Nitin Gadkari has said there is no dearth of funds for projects but expressed concern over the bureaucracy’s lack of flexibility and “complete no to out-of-the-box ideas”. Former bureaucrat Vijay Kelkar adopted a flexible approach and was an exception to this mindset, Gadkari said on Monday at a function in Pune where Kelkar was conferred the Punyabhushan Award. “There is no death of funds with us. I always talk of Rs 1 lakh crore, Rs 50,000 crore, Rs 2 lakh crore projects. Generally journalists do not trust politicians when it comes to big ticket

Trump says Israel and Iran agree to ‘complete and total ceasefire’

June 24, 2025 (AP) – U.S. President Donald Trump said on social media Monday that Israel and Iran have agreed to a “complete and total ceasefire” to be phased in over 24 hours. Trump communicated directly with Israeli Prime Minister Benjamin Netanyahu to secure the ceasefire, according to a senior White House official who insisted on anonymity to discuss the Monday talks. Vice President JD Vance, Secretary of State Marco Rubio and special envoy Steve Witkoff communicated with Iranians through direct and indirect channels. The White House has maintained that the Saturday bombing by the U.S. on Iran helped get

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