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Rupee rises 34 paise to 84.96 against US dollar in early trade

Mumbai, Apr 4 (PTI) Rupee appreciated 34 paise to 84.96 against the US dollar in early trade on Friday, as the greenback’s broad-based weakness following the impact of Trump’s tariffs offered relief to emerging market currencies, including the rupee. The key catalysts for the rupee’s rebound include the fall in crude oil prices and the weakness of the American currency in the overseas market. Forex traders said the American currency weakened amid concerns surrounding inflationary pressures following the impact of tariffs and a potential recession in the United States. Moreover, retaliatory tariffs from trading partners could trigger a global trade

Markets slump in early trade on global trade war fears

Mumbai, Apr 4 (PTI) Benchmark equity indices Sensex and Nifty slumped in initial trade on Friday due to heavy selling in metal, oil & gas shares as President Donald Trump’s sweeping tariff salvo reignited the fears of global trade war. Besides, foreign fund outflows have also dented the investor sentiment. The 30-share BSE Sensex slumped 591.05 points or 0.77 per cent to 75,704.31 in the morning trade. The broader NSE Nifty declined 202.55 points or 0.87 per cent to 23,047.55. From the Sensex pack, Tata Motors, Tata Steel, Larsen & Toubro, Reliance Industries, Maruti Suzuki India, IndusInd Bank, Infosys, HCL

Congress to challenge Waqf bill soon in Supreme Court

New Delhi, Apr 4 (PTI) The Congress on Friday said it will “very soon” challenge in the Supreme Court the constitutionality of the Wakf (Amendment) Bill, 2024 that was passed in Parliament. The Waqf (Amendment) bill was cleared by Parliament early Friday, with the Rajya Sabha giving its nod. In a post on X, AICC general secretary Jairam Ramesh said, “The INC will very soon be challenging in the Supreme Court the constitutionality of the Wakf (Amendment) Bill, 2024”. The INC's challenge of the CAA, 2019 is being heard in the Supreme Court. The INC's challenge of the 2019 amendments

“Waqf Bill puts question of country’s secularism to test”: DMK

New Delhi [India], April 2 (ANI): DMK MP Tiruchi Siva on Wednesday voiced strong opposition to the Waqf Amendment Bill, saying that his party firmly opposes it as the proposed legislation raises concerns regarding the country’s secular fabric. “It is a crucial bill which has again put the question of secularism in this country to the test. DMK is against the bill. Our leaders have categorically expressed this. Yesterday, all the opposition parties decided to vote against the bill. They (the BJP) always bulldoze the bills in their own manner since they have a majority in the Lok Sabha,” Tiruchi

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