The Indian rupee fell to its lowest level this fiscal, closing at 86.8150 against the dollar. A strong greenback, importer demand, and US trade deal uncertainty pressured the currency. Limited RBI intervention and FOMC cues add to investor caution.
Oil prices well below $100 as Strait of Hormuz reopens but experts aren’t convinced just yet. Here’s why
Global markets are breathing easier as Iran declares the Strait of Hormuz fully open, a crucial oil route, amid a potential U.S.-Iran deal. This development,