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Rupee gains 16 paise to settle at 85.29 against US dollar

Mumbai, Apr 16 (PTI) The rupee sustained its rally for the third straight session and settled with a gain of 16 paise at 85.64 against the US dollar on Wednesday, boosted by the renewed inflow of foreign funds and a weak American currency. Positive domestic macroeconomic numbers amid the 90-day pause on US reciprocal tariffs triggered a buying rush in equities, strengthening the local currency, according to forex traders. Also, lower crude prices in international markets supported the domestic unit, they said. At the interbank foreign exchange, the domestic unit opened at 85.66 and moved between the intraday high of

Tensions escalate between India and Pakistan following deadly attack in disputed Kashmir

SRINAGAR, India, April 24, 2025 (AP) — Tensions between India and Pakistan were high on Thursday as New Delhi mounted a diplomatic offensive against Islamabad, blaming it for a deadly attack that killed 26 people in Kashmir and shattered India’s claims of calm in a disputed region where a bloody rebellion against Indian rule has been ongoing for decades. A rare attack on civilians — mostly tourists who were visiting a popular scenic meadow — shocked and outraged India and prompted calls for action against their country’s archenemy, Pakistan. The Indian government did not publicly produce any evidence connecting the

China says there are no negotiations with the US over tariffs

BANGKOK, April 24, 2025 (AP) — China on Thursday denied U.S. President Donald Trump’s assertion that the two sides were involved in active negotiations over tariffs, saying that any suggestion of progress in this matter was as groundless as “trying to catch the wind.” China’s comments come after Trump said Tuesday that the final tariff rate on China’s exports would come down “substantially” from the current 145%. “China’s position is consistent and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an equal manner,”

Gold futures rise Rs 888 to Rs 95,610/10g

New Delhi, Apr 24 (PTI) Gold prices on Thursday jumped Rs 888 to Rs 95,610 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 888 or 0.94 per cent at Rs 95,610 per 10 grams in a business turnover of 17,780 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.92 per cent to USD 3,318.47 per ounce in New York.

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