The Indian rupee hit a record low for the second consecutive day, while key equity indices experienced their biggest single-day fall in six weeks. This decline was triggered by uncertainty surrounding US-Iran peace talks, which pushed oil prices higher, and Prime Minister Modi’s austerity call, eroding market confidence and prompting dollar buying.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend
October 1, 2026