New Delhi, Aug 6 (PTI) Following are the top business stories at 2050 hours:
FGN39 BIZ-US-INDIA-LD TARIFF
* Trump doubles tariff on India to 50 pc for buying Russian oil
Washington/New Delhi: US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's continued purchase of Russian oil, a move that is likely to hit sectors such as textiles, marine and leather exports hard. *
DEL102 BIZ-2NDLD RBI
* RBI keeps interest rates unchanged amid uncertainty over Trump's tariffs
Mumbai: The Reserve Bank of India (RBI) kept its policy interest rate unchanged on Wednesday as it appeared to have taken a wait-and-watch approach to assess the full unveiling of US President Donald Trump's trade policies as well as transmission of past rate cuts. *
DEL76 BIZ-LD-GUV-CONFERENCE
* Ongoing uncertainties, frontloaded cuts, core inflation uptick led to status quo on rate: Malhotra
Mumbai: Reserve Bank Governor Sanjay Malhotra said continuing global uncertainties, frontloading of interest rate cuts, and uptick in core inflation prompted the central bank to opt for the status quo at the bi-monthly policy review on Wednesday. *
DEL82 BIZ-LD-STOCKS
* Sensex falls by 160 pts on sell-off in IT, healthcare shares as RBI keeps rate unchanged
Mumbai: Falling for the second day, benchmark BSE Sensex declined by 160 points on Wednesday due to selling in IT and healthcare shares amid the RBI policy decision to keep the key interest rates unchanged.
DEL63 BIZ-RUPEE-CLOSE
* Rupee recovers 15 paise to settle at 87.73 against US dollar
Mumbai: The rupee recovered from record low level and closed 15 paise higher at 87.73 (provisional) against the US dollar on Wednesday, supported by a volatile greenback and the Reserve Bank's decision to hold interest rate steady. *
DEL68 BIZ-GOLD-PRICE
* Gold rises Rs 200 to Rs 99,020/10 g; silver climbs Rs 500
New Delhi: Gold prices rose Rs 200 to Rs 99,020 per 10 grams in the national capital on Wednesday due to continuous buying by stockists, according to the All India Sarafa Association. **