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Rupee rises 20 paise to 95.41 against US dollar in early trade

Mumbai, Jun 9 (PTI) The rupee rose 20 paise to 95.41 against the US dollar in early trade on Tuesday as Brent crude oil prices and the US dollar index retreated from their elevated levels after a pause in US-Iran hostilities. Forex traders said the rupee opened on a positive note after Israel and Iran agreed to deescalate and ease strikes. At the interbank foreign exchange market the rupee opened at 95.47, then touched 95.41, registering a gain of 20 paise from its previous close. On Monday, the rupee depreciated 43 paise to settle at 95.61 against the American currency.

Sensex, Nifty rebound in early trade tracking recovery in global markets

Mumbai, Jun 9 (PTI) Benchmark indices Sensex and Nifty rebounded in early trade on Tuesday in-tandem with a recovery in global equity markets and easing of hostilities between Israel and Iran. After falling sharply in the previous trade, the 30-share BSE Sensex climbed 350.57 points to 73,874.83 during early deals. The 50-share NSE Nifty went up by 114.50 points to 23,237.50. From the 30-Sensex firms, Trent, ICICI Bank, InterGlobe Aviation, Axis Bank, Mahindra & Mahindra and Bajaj Finserv were among the major winners. NTPC, Tata Steel, Infosys, Power Grid and Tech Mahindra were among the laggards. Brent crude, the global

Indian economy, government finances, see mounting costs from Iran war

NEW DELHI, June 9 (Reuters) – A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies. Now, India is increasingly counting the cost of the Iran war, which ​economists say will keep mounting if the deadlock between the U.S. and Iran remains unresolved and the blockage of oil supplies continues. As the world’s third-largest oil importer and consumer, India ‌ships in about 90% of its oil, making its economy one of the most-exposed to the war and the prolonged war-related disruptions, which include the effective

US federal judge strikes down Trump’s $100,000 fee on new H-1B visas

BOSTON, June 9, 2026 (AP) — A federal judge of United States on Monday struck down the Trump administration’s $100,000 fee on new H-1B visas, contradicting an earlier federal court ruling upholding the fee hike. The administration announced the much-higher fee as a way of preventing foreign workers from taking American jobs. But U.S. District Court Judge Leo Sorokin in Boston sided with 20 states and struck down the visa policy, concluding that the executive branch exceeded its authority and violated the Administrative Procedure Act, which governs how federal agencies develop and issue regulations. “The Court finds that the Policy

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