The Indian rupee experienced significant volatility, closing 32 paise lower at 92.83 against the US dollar, as escalating US-Iran tensions and a crucial RBI deadline for banks to curb overnight positions weighed heavily on the forex market. Illustration: Dominic Xavier/Rediff
S Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister, confidently stated that the Indian rupee is stabilising and is expected to settle around the 92-93 level against the US dollar, with foreign investment flows poised for
The Indian rupee experienced a notable surge following President Trump’s decision to suspend military action against Iran and the RBI’s steady interest rate policy, signaling improved market confidence and easing geopolitical tensions. Photograph: Francis Mascarenhas/Reuters Key Points The Indian rupee
Amid escalating global tensions and regulatory shifts, India’s financial markets are witnessing a significant transformation, with bank-backed brokerages poised to reclaim their edge over discount platforms and the IPO pipeline experiencing a notable slowdown. Illustration: Dominic Xavier/Rediff Key Points Bank-backed
Indian stock markets experienced a significant rebound, with Sensex and Nifty surging, as tensions between the US and Iran appeared to ease, offering investors a respite after recent volatility. Photograph: Amit Dave/Reuters Sensex and Nifty50 Rally: Key Highlights from Today’s
A total of 3,798 stocks declined while 635 advanced and 123 remained unchanged on the BSE. Illustration: Dominic Xavier/Rediff Key Points Since the conflict began, the BSE benchmark Sensex has tumbled 8,590.8 points. Mcap of BSE-listed companies eroded by Rs 48.29
Crude oil prices plummeted after Donald Trump’s decision to temporarily halt military strikes on Iran’s energy infrastructure, signaling a de-escalation of geopolitical tensions and impacting global oil markets. Photograph: Christian Hartmann/Reuters Key Points Crude oil prices fell sharply after Donald
LNG is the weakest link in India’s fuel-supply chain. Photograph: Yuriko Nakao/Reuters Key Points India needs 1-1.5 million tonnes of LNG a month. trimmed allocations of natural gas for consumers. India received 10 cargos in March to date, the Kpler
Experts warn that if geopolitical tensions continue to escalate and supply disruptions persist, oil prices could remain volatile and may move towards the $150 level in the coming period. Illustration: Dado Ruvic/Reuters Key Points A 20 per cent global shortage
Factors contributing to the outflows include rupee depreciation beyond the 92-per-dollar level, elevated US Treasury yields drawing capital back to safe-haven assets, and mixed early outlook for Q4 FY26 corporate earnings, particularly margin pressures in the IT and consumption sectors.
