Market, rupee fortunes may prove fickle amid Iran flareup

April 20, 2026

Markets brace for renewed turmoil as Iran closes the Strait of Hormuz, sending oil prices soaring. This sharp reversal follows Friday’s optimism after the maritime channel’s opening. Stocks and the rupee face challenges, with the rupee expected to weaken against the dollar due to rising crude prices.

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Fed officials give hints on rate decision as markets cut October rate hike odds

Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,

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