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Economic storm coming, where is PM Modi hiding: Rahul Gandhi on US tariff issue

Ahmedabad, Apr 9 (PTI) Asserting that an “economic storm” is coming, Congress leader Rahul Gandhi on Wednesday slammed Prime Minister Narendra Modi over the imposition of tariffs by the US and questioned his silence on the issue. Addressing the AICC session on the banks of the Sabarmati river, Gandhi recalled that when Modi went to the US earlier, he had hugged American President Donald Trump. “This time did you see their photograph hugging each other? Where has it vanished? President Trump, whom Prime Minister Modi calls a friend, ordered him that listen ‘we will not hug each other, this time

Home, auto loans to get cheaper as RBI cuts interest rate for 2nd time in a row

Mumbai, Apr 9 (PTI) Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates on Wednesday for a second consecutive time and signalled more easing to come as it sought to bolster the economy that is facing further pressure from damaging US tariffs. The Monetary Policy Committee (MPC), consisting of three central bank members and an equal number of external members, voted unanimously to cut the repurchase or repo rate by 25 basis points to 6 per cent. It had reduced rates by an equal measure in February — the

Gold slips below Rs 91,000 level on reduced demand in Delhi

New Delhi, Apr 9 (PTI) Gold prices plunged Rs 1,050 to Rs 90,200 per 10 grams in the national capital on Wednesday due to poor offtake by stockists and retailers, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had closed at Rs 91,250 per 10 grams in the previous market close. Gold of 99.5 per cent purity depreciated Rs 1,050 to Rs 89,750 per 10 grams against the Tuesday’s close of Rs 90,800 per 10 grams. However, silver prices climbed Rs 500 to Rs 93,200 per kg. The white metal had settled at

Stock markets decline amid global equity losses as fresh US tariffs unnerve investors

Mumbai, Apr 9 (PTI) Benchmark stock indices Sensex and Nifty closed lower on Wednesday in line with losses in global markets after fresh US tariffs on China, even as the Reserve Bank cut policy rates for a second consecutive time as it sought to bolster the economy in the face of further pressure from damaging US tariffs. The 30-share BSE Sensex dropped 379.93 points or 0.51 per cent to settle at 73,847.15. During the day, it slumped 554.02 points or 0.74 per cent to a low of 73,673.06. The NSE Nifty declined 136.70 points or 0.61 per cent to 22,399.15.

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