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Rupee rises 39 paise to 84.18 against US dollar in early trade

Mumbai, May 5 (PTI) The rupee gained 39 paise to 84.18 against the US dollar in early trade on Monday, as continued foreign investor interest in Indian assets lent fundamental support to the local unit. Forex traders said a sharp decline in crude oil prices and a positive trend in domestic equities enthused investors further. Brent crude oil prices slumped nearly 4 per cent in the morning Asian trade after OPEC+ signalled over the weekend that they will further increase production in the coming months. At the interbank foreign exchange, the domestic unit opened at 84.45 and fell to an

Gold gains on weaker dollar; traders brace for Fed rate decision

May 5 (Reuters) – Gold prices firmed on Monday, supported by a softer dollar, as investors awaited further details on the U.S.-China trade relations, along with the Federal Reserve’s policy meeting due later this week. Spot gold gained 0.5% to $3,256.85 an ounce, as of 0416 GMT. U.S. gold futures rose 0.7% to $3,265.10. The dollar was down 0.3% against its rivals, making gold more attractive for other currency holders. “The U.S. dollar is looking subdued ahead of the Fed meeting this week which is enabling gold to take a mild run higher,” KCM Trade’s Chief Market Analyst Tim Waterer

Adani representatives meet Trump officials in push to end US bribery cases, Bloomberg News reports

May 5 (Reuters) – Representatives for Indian billionaire Gautam Adani and his companies met officials from U.S. President Donald Trump’s administration to seek dismissal of the criminal charges against him in an overseas bribery probe, Bloomberg News reported on Sunday, citing people familiar with the matter. The talks, which began earlier this year, gained momentum in recent weeks and could yield a resolution in the coming month or so, if the pace persists, according to the report. In November, U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging that they paid bribes to secure Indian power supply contracts, and

Delhi court issues notice to Sonia, Rahul Gandhi in National Herald case

New Delhi, May 2 (PTI) A Delhi court on Friday issued notices to former Congress president Sonia Gandhi and leader of opposition in Lok Sabha Rahul Gandhi in the National Herald money laundering case. Special judge Vishal Gogne said their “right to be heard” was available at the time of cognisance of the chargesheet. “Right to be heard at any stage breathes life into fair trial,” the judge said, posting the matter on May 8. The judge also issued notice to Congress leader Sam Pitroda and Suman Dubey, and “Young Indian”, Dotex Merchandise Pvt Ltd and Sunil Bhandari. The chargesheet

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