dollar weakness

The Reserve Bank of India aggressively intervened, selling billions to defend the rupee against sustained pressure. This significant dollar selling, even before markets opened, helped the currency strengthen. Elevated oil prices remain a key concern, with policymakers considering further measures, including a potential interest rate hike, to stabilize the rupee.

The Indian rupee hit an all-time low against the US dollar, falling to 96.1650 amid escalating Middle East conflict and rising oil prices. This depreciation intensifies concerns over India's macroeconomic outlook, with authorities implementing measures to curb the decline and stabilize the currency.

Rupee hit a fresh record low of 96.07 against the US dollar on Friday, extending its losing streak over three straight sessions amid soaring crude oil prices and escalating tensions in West Asia. At the interbank foreign exchange market, the rupee opened at 95.86 against the US dollar and slipped further to 95.94, down 30 paise from its previous close.

The Indian rupee has fallen nearly 6% against the US dollar due to Middle East tensions, prompting the Reserve Bank of India to consider measures like interest rate hikes and attracting dollar inflows. Officials are exploring a foreign currency deposit scheme for NRIs and a potential sovereign dollar bond to stabilize the currency.

Gold price prediction today: For both gold and silver prices, the near-term outlook remains weak, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

Rupee depreciation is not new, what is new however is the rapid pace at which it is falling. It’s the biggest risk for India’s external sector resilience at the moment. In just over a year, the rupee has depreciated over 14%.

The Indian Rupee hit a record low of 95.63 against the US dollar amid escalating geopolitical tensions and fragile investor sentiment. Intensifying Middle East conflict, rising oil prices, and sustained foreign fund outflows are pressuring the currency. This economic uncertainty is also reflected in a significant dip in domestic stock markets.

Gold price prediction today: Gold prices are unlikely to rise too much unless crude oil prices come down for a longer term duration, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

Rising Raw Material Costs, Freight Volatility And Uncertain Supply Hit Textiles, Chemicals, Pharma And Real Estate Sectors

The Sensex tumbled over 1,000 points to slip below the 74,300 mark, while the Nifty 50 dropped more than 300 points to trade under 23,350. The steep decline erased nearly Rs 7 lakh crore from the total market capitalisation of BSE-listed companies, reducing it to around Rs 454 lakh crore.

Emerging US-Iran deal details spark alarm among hawkish Republicans, who expected Iranian collapse. Instead, Iran appears strategically intact, having demonstrated leverage by disrupting the Strait of Hormuz and surviving US-Israel military pressure. This outcome has exposed fractures within Trump's coalition and emboldened Tehran's negotiating stance.

Gold and silver prices are expected to trade within a narrow band this week, with investors closely watching US-Iran peace talks and key global economic data. Analysts noted that while gold's momentum appears steady, silver shows positive movement. Geopolitical tensions and central bank buying are also influencing precious metal markets.