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India's external debt rose significantly by 10 per cent, reaching USD 736.3 billion at the close of March 2025, compared to USD 668.8 billion in the previous year, as stated by the Reserve Bank of India (RBI) on Friday.This increase boosted the percentage of external debt to GDP, which now stands at 19.1 per cent, up from 18.5 per cent a year ago. The RBI highlighted a 'valuation effect' driven by the appreciation of the US dollar, adding USD 5.3 billion. Without this effect, external debt would have risen...

The Indian rupee extended its fall on Friday, declining by 30 paise against the US dollar, as intensifying geopolitical tensions between India and Pakistan sparked risk-off sentiment in the market. Increased demand for the US dollar also dented investor sentiments.Rupee depreciated 30 paise to open at 85.88 against the greenback on Friday. The local currency saw its steepest single-day fall in more than two-and-a-half years in the previous session and settled 81 paise lower at 85.58 against the US dollar on.The India-Pakistan conflict, stronger dollar, rise in crude oil prices...

NEW YORK — (AP) — U.S. stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald Trump's trade war and his attacks on the head of the Federal Reserve.The S&P 500 climbed 2.5%. The Dow Jones Industrial Average rose 1,016 points, or 2.7%, and the Nasdaq composite gained 2.7%. All three indexes more than made up their big losses from the start of the week.The value of the U.S. dollar also stabilized after sliding against the euro and...

NEW YORK — (AP) — U.S. stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald Trump's trade war and his attacks on the head of the Federal Reserve.The S&P 500 climbed 2.5%. The Dow Jones Industrial Average rose 1,016 points, or 2.7%, and the Nasdaq composite gained 2.7%. All three indexes more than made up their big losses from the start of the week.The value of the U.S. dollar also stabilized after sliding against the euro and...

The U.S. dollar suffered losses against the Japanese yen and Swiss franc on Monday as market participants grappled with ongoing trade tensions instigated by tariffs. Concerns over a potential slow-down in the U.S. economy further exacerbated the currency's decline.In Europe, the euro retraced gains from the previous week, though maintaining a position near a four-month high. Anticipation is building around potential boosts in government expenditure, as EU finance ministers convene to discuss defense funding options in light of U.S. foreign aid uncertainties.Meanwhile, investors reduced their net long dollar positions,...