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Rupee dips after India-US trade rally; falls 22 paise to 90.54/USD

Mumbai, Feb 4 (PTI) The rupee depreciated 22 paise to 90.54 against the US dollar in early trade on Wednesday, following a sharp rally after India and the US agreed to a trade deal on suspected dollar buying by corporates and importers. Forex traders said despite the positive sentiment post the India-US trade deal, caution still remains as there is no signed or officially released trade agreement yet — no framework text or final documentation. At the interbank foreign exchange market, the rupee opened at 90.35 against the US dollar, then lost ground and fell to 90.54, registering a loss

Stock market advances in early deals on fresh foreign fund inflows, India-US trade pact

Mumbai, Feb 4 (PTI) Benchmark indices Sensex and Nifty were trading higher in early trade on Wednesday, building on previous day’s sharp rally, amid fresh foreign fund inflows and positive sentiment following the India-US trade deal. A sharp decline in IT stocks, however, restricted the rally in the markets. The 30-share BSE Sensex advanced 68.49 points to 83,816.96 in early trade. The 50-share NSE Nifty went up by 51.90 points to 25,779.45. From the Sensex firms, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, ICICI Bank and ITC were among the biggest gainers. Infosys, Tata Consultancy Services, HCL Tech and

Silver, gold rally after 3-day slump on firm global cues, weak US dollar

New Delhi, Feb 3 (PTI) Silver and gold prices ended a three-day steep fall and rebounded sharply in the national capital on Tuesday, with the white metal surging Rs 24,000 to Rs 2.84 lakh per kg, while gold climbed to Rs 1.57 lakh per 10 grams amid firm global cues and weak US dollar. According to the All India Sarafa Association, silver prices soared Rs 24,000, or 9.23 per cent, to Rs 2,84,000 per kilogram (inclusive of all taxes). The metal had closed at Rs 2,60,000 per kg on Monday after slumping Rs 52,000. The rebound followed a steep three-day

‘PM completely surrendered to appease Trump’: Congress slams govt on India-US trade deal

New Delhi, Feb 3 (PTI) The Congress on Tuesday demanded that the Modi government should take Parliament into confidence on the details of both the EU and US trade deals, while alleging that Prime Minister Narendra Modi has “completely surrendered to appease” US President Donald Trump at the cost of India’s farmers. Congress general secretary in-charge communications Jairam Ramesh, pointing to Trump’s statement that the India-US trade deal was coming into effect immediately at Modi’s request, claimed that the “request was no doubt made to create diversionary headlines because his cowardice and capitulation to China had been exposed by Rahul

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