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Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

Mumbai, Feb 3 (PTI) The rupee appreciated 119 paise to 90.30 against the US dollar in early trade on Tuesday, after US tariffs on India were cut from 50 per cent to 18 per cent. Forex traders said the 18 per cent tariff changes the story, improving India’s relative position and reopening the door for FII participation. At the interbank foreign exchange market, the rupee opened at 90.30 against the US dollar, registering a gain of 119 paise over its previous close of 91.49. “The good news overnight was the US-India trade deal which was announced after a delay of

Trump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil

WASHINGTON, February 3, 2026 (AP) — President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil. The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude. India has taken advantage of reduced Russian oil prices as much of the world has sought to isolate Moscow for its February 2022 invasion of Ukraine. Trump said that India would also start to reduce its import taxes on U.S. goods to zero and buy $500

Silver slides for 3rd straight day to Rs 2.6 lakh/kg; gold drops to Rs 1.52 lakh/10g

New Delhi, Feb 2 (PTI) Silver prices extended its steep fall for the third straight day, tumbling Rs 52,000 to Rs 2.60 lakh per kg in the national capital on Monday, while gold fell to Rs 1.52 lakh per 10 grams amid weak global trends and a firm US dollar. According to the All India Sarafa Association, the white metal nosedived Rs 52,000, or nearly 17 per cent, to Rs 2,60,000 per kilogram (inclusive of all taxes). On Saturday, the metal tanked 19 per cent, or Rs 72,500, to Rs 3.12 lakh per kilogram. In the last three sessions, silver

Not being allowed to quote from ex-army chief’s book as it indicts PM, defence minister: Rahul Gandhi

New Delhi, Feb 2 (PTI) Congress leader Rahul Gandhi on Monday claimed that he was not being allowed to quote from former army chief M M Naravane’s unpublished book in the Lok Sabha because it indicts Prime Minister Narendra Modi and Defence Minister Rajnath Singh for “letting down” the army during the 2020 conflict with China. Speaking to reporters in the Parliament House complex here, the Leader of the Opposition in the Lok Sabha said the government is afraid of a line that he wants to quote from the former army chief’s book and asserted that he would state it

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