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Rupee jumps 61 paise at settle at 86.07 against US dollar

Mumbai, Apr 11 (PTI) The rupee surged 61 paise against the greenback to settle at 86.07 (provisional) on Friday due to a sharp correction in the US dollar and a strong rebound in the domestic equity markets. The surge in the local unit came a day after US President Donald Trump suspended the 26 per cent tariffs on India till July 9. At the interbank foreign exchange, the domestic unit opened at 86.22, up 46 paise against the US dollar. During the intra-day trade, it rose to 85.95 before settling at 86.07 (provisional), up 61 paise against the greenback. The

Sensex, Nifty surge nearly 2 pc as US suspends additional 26 pc tariffs on India till July 9

Mumbai, Apr 11 (PTI) Benchmark Sensex surged by 1,310 points while Nifty closed above 22,900 level on Friday after the US announced suspension of additional tariffs on India for 90 days until July 9 this year. Defying a bearish trend in world markets, the 30-share BSE benchmark Sensex jumped 1,310.11 points or 1.77 per cent to settle at 75,157.26. During the day, it soared 1,620.18 points or 2.19 per cent to 75,467.33. The NSE Nifty surged 429.40 points or 1.92 per cent to 22,828.55. In intra-day trade, the benchmark rallied 524.75 points or 2.34 per cent to 22,923.90. The US

“Gaslighting India’s youth”: BJP’s Amit Malviya tears into Rahul Gandhi

New Delhi [India], April 11 (ANI): Bharatiya Janata Party (BJP) IT department incharge Amit Malviya on Friday lashed out at Leader of Opposition (LoP) in the Lok Sabha Rahul Gandhi over the latter’s criticism of the government’s inaction on “Employment Linked Incentive” scheme, saying that he was “gaslighting” India’s youth. “Either Rahul Gandhi’s team has completely failed to brief him on the facts, or–far more likely–he’s weaponising his trademark ignorance to gaslight India’s youth. This isn’t a gaffe; it’s a calculated strategy to distort reality, using his platform to spread misinformation under the guise of cluelessness,” Malviya posted on X.

China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday

BEIJING, April 11, 2025 (AP) — China announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated a new trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries. China notably had said it would fight the American tariffs with its own countermeasures, calling Trump’s actions “economic bullying,” which led Trump to retaliate by continuously hiking up tariffs this week. Trump’s universal tariffs on China total 145%. When Trump announced Wednesday that China faced 125% tariffs, he did not include a

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