The Indian rupee hit a three-month low of 86.89 against the dollar due to concerns over the Iran-Israel conflict and rising oil prices, settling slightly higher at 86.72 following suspected RBI intervention. Elevated Brent crude prices at $77 a barrel are adding pressure, with traders anticipating continued rupee weakness amid Middle East tensions and cautious exporter hedging.
LME approves Adani’s major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper
July 3, 2026