India’s central bank is implementing forceful new rules to curb speculative bets against the rupee, capping banks’ open positions at $100 million daily. This shift from direct intervention aims to stabilize the currency amid record lows driven by the Iran war, which has drained foreign-exchange reserves.
US Stocks: S&P, Nasdaq end lower as investors weigh Middle East conflict outlook
U.S. stocks closed mostly lower as President Trump’s conflicting messages on Iran and escalating Middle East conflict weighed on markets. Despite optimism over discussions, threats