Rupee gains 50 paise against dollar after RBI relaxes investment norms

IANS | June 5, 2026 12:33 PM

New Delhi, June 5 (IANS) The Indian rupee appreciated sharply against the US dollar on Friday after the Reserve Bank of India eased investment norms for foreign portfolio investors (FPIs) and announced measures aimed at improving capital flows, boosting investor sentiment.

US probes Chinese involvement in manufacturing projects receiving tax incentives

IANS | June 5, 2026 12:18 PM

Washington, June 5 (IANS) The Trump administration is investigating reports of continued Chinese involvement in US manufacturing projects receiving federal tax incentives, US Treasury Secretary Scott Bessent told lawmakers on Thursday, signalling heightened scrutiny of Beijing's role in sectors Washington considers strategically important.