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Rupee falls 4 paise to 85.19 against US dollar in early trade

Mumbai, Apr 22 (PTI) Rupee traded in a narrow range and depreciated 4 paise to 85.19 against the US dollar in early trade on Tuesday, as the support from positive domestic equities was negated by dollar short-covering by investors. Forex traders said concerns persisted over economic headwinds from tariffs and US monetary policy that could dampen demand. At the interbank foreign exchange, the domestic unit opened at 85.11 then fell to 85.19 against the greenback in early deals, registering a loss of 4 paise over its previous closing level. On Monday, the rupee appreciated 23 paise to settle at 85.15

Markets climb in early trade amid foreign fund inflows, buying in bank stocks

Mumbai, Apr 22 (PTI) Equity benchmark indices Sensex and Nifty climbed in early trade on Tuesday as investors’ sentiment remained buoyant amid continuous foreign fund inflows and buying in blue-chip bank stocks. The 30-share BSE benchmark Sensex climbed 319.89 points to 79,728.39 in early trade. The NSE Nifty went up by 76.1 points to 24,201.65. From the Sensex firms, Eternal, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra and Mahindra & Mahindra were among the biggest gainers. IndusInd Bank, Infosys, Power Grid and Asian Paints were among the laggards. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,970.17 crore

India under tariff pressure to give Amazon and Walmart full market access, FT reports

April 22 (Reuters) – U.S. President Donald Trump’s administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125 billion ecommerce market, the Financial Times reported on Tuesday, citing industry executives, lobbyists and U.S. government officials. The U.S. plans to push Prime Minister Narendra Modi’s government for a level playing field on ecommerce in wide-ranging talks on a U.S.-India trade agreement set to also cover sectors from food to cars, the newspaper reported. Except for the picture, this story has not been edited by The Sen Times staff and has been published

Gold maintains record rally following Trump’s criticism of Fed chief

April 22 (Reuters) – Gold prices continued their record rally on Tuesday, driven by concerns over U.S. President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, which dampened risk sentiment and drove investors towards the safe-haven bullion. Spot gold was up 1.4% at $3,472.49 an ounce, as of 0247 GMT, after touching a record high of $3,473.03 per ounce earlier in the session. U.S. gold futures firmed 1.7% to $3,482.40. “Investors have been giving a wide berth to U.S. assets amid tariff worries and Trump-Powell dramas, which has kept gold in prime position to capitalise on the dollar’s woes,”

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