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Rupee rises 3 paise to close at 85.69 against US dollar

Mumbai, Mar 26 (PTI) The rupee pared its initial losses and settled for the day higher by 3 paise at 85.69 (provisional) against the U.S. dollar on Wednesday, supported by a resurgence of foreign fund inflows. Forex dealers said the rupee faces renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the U.S. currency from importers. At the interbank foreign exchange, the rupee opened at 85.71 then touched an intraday high of 85.68 and a low of 85.98 against the greenback. The unit ended the session at 85.69 (provisional) against the dollar, registering a gain

Gold snaps 4-day losing streak, climbs Rs 235 to Rs 90,685 per 10 g

New Delhi, Mar 26 (PTI) Cutting short the four-day losing streak, gold prices rebounded by Rs 235 to Rs 90,685 per 10 grams on Wednesday amid firm global trends, according to the All India Sarafa Association. On Tuesday, the yellow metal of 99.9 per cent purity had ended at Rs 90,450 per 10 grams. Gold of 99.5 per cent purity rose by Rs 235 to Rs 90,235 per 10 grams against the previous close of Rs 90,000 per 10 grams. Traders said fresh buying by retailers after recent losses led to the recovery in gold prices. Firm global trends also

Supreme Court junks plea for CBI probe into ‘honey-trap’ allegations in Karnataka Assembly

New Delhi, Mar 26 (PTI) The Supreme Court on Wednesday dismissed a plea for a CBI probe into an alleged “honey-trap” attempt involving a minister and other politicians in Karnataka. A three-judge bench of Justices Vikram Nath, Sanjay Karol and Sandeep Mehta dismissed the PIL filed by social activist Binay Kumar Singh. The plea had also sought the probe to be either monitored by the top court or by a committee headed by a retired Supreme Court judge. Advocate Barun Kumar Sinha, appearing for the petitioner, said the allegation reported in the media required a thorough investigation against the persons

Lok Sabha Speaker asks Rahul Gandhi to follow rules of conduct; Leader of Opposition says not being allowed to speak

New Delhi, Mar 26 (PTI) Lok Sabha Speaker Om Birla on Wednesday asked Rahul Gandhi to conduct himself in line with the rules of procedure that members are expected to observe to uphold the dignity of the House, prompting the Leader of Opposition to claim that the remarks against him were “unsubstantiated”. “In this House, father and daughter, mother and daughter, husband and wife have been members. In this context, I expect the Leader of the Opposition to conduct himself in accordance with Rule 349 that deals with rules to be observed by members in the House,” the Speaker said

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