At the interbank foreign exchange, the domestic unit opened at 85.53 against the U.S. dollar, before sliding further to 85.66. File. | Photo Credit: Reuters The rupee fell 26 paise to 85.66 against the U.S. dollar in early trade on Monday (July 7, 2025) amid FII outflows and a weak opening at the domestic equity…
“We’re having some great deals. We have one coming up, maybe with India, a very big one, where we’re going to open up India,” U.S. President Donald Trump said during an event at the White on June 26, 2025. | Photo Credit: PTI A team of negotiators from India is in the U.S. for at…
Gold ($3,205/ounce) was down 3.6 per cent whereas silver ($32.30/ounce) lost 1.2 per cent last week. Similarly, in the domestic market, gold futures (₹92,441/10 gm) depreciated 4.2 per cent and silver futures (₹95,318/kg) fell by 1.5 per cent. MCX-Gold (₹92,441) Gold futures (June) saw a notable decline in price over the last week. Nevertheless, the…
The 30-share BSE Sensex declined 170.66 points to 83,262.23 in early trade. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty declined in early trade on Monday (July 7, 2025) amid caution ahead of the July 9 U.S. tariff deadline, weak trends in Asian markets and foreign fund outflows. Volatile trends engulfed markets during…
The 3.5% tax proposal itself was a reduction brought into the Act in May from the original proposal of 5%. Image for representation. | Photo Credit: Getty Images/iStockphoto U.S. legislators have significantly diluted the provision in the proposed legislation to tax remittances to other countries, including to India. The latest version of the Bill, released…
FILE PHOTO: The gold prices in Mumbai on May 19 were ₹9,272 for 1 gram of 24-carat gold (up by ₹37) and ₹74,176 for 8 grams of 24-carat gold (up by ₹296). | Photo Credit: FRANCIS MASCARENHAS Gold prices in India saw an increase today across all cities. The price for 8 grams of 24-carat…
Hindustan Unilever, Kotak Mahindra Bank, Trent, Reliance Industries, Asian Paints and ITC were among the gainers | Photo Credit: PTI Benchmark stock indices Sensex and Nifty closed almost unchanged on Monday (July 7, 2025) in a highly volatile trade amid caution ahead of the July 9 U.S. tariff deadline, weak trends in Asian markets and…
The Department of Economic Affairs report said that the Indian economy may experience “nervous but exciting times” in the days ahead. Image for representation. | Photo Credit: Reuters It is too soon to sound the ‘all clear’ on the risk of rising oil prices, even though the risk from the Israel-Iran conflict has receded following…
“The import policy of the ITC(HS) codes under Chapter 71 of ITC (HS) 2022, Schedule (Import Policy), newly created under the Finance Act, 2025 dated March 29, 2025, is notified with immediate effect,” per a notification issued on Monday The Directorate General of Foreign Trade has amended the import policy and policy conditions of specific…
The rupee rose 22 paise to 85.72 against the U.S. dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75…
