Indian equity indices concluded FY26 with their worst fiscal performance since FY20, with the Nifty and Sensex registering losses. The outlook for FY27 is heavily dependent on the West Asia conflict’s impact on crude oil prices and the rupee, with analysts suggesting a ceasefire could trigger a recovery.
India doubles down on curbing rupee speculation after initial steps fall short
The Reserve Bank of India has intensified its crackdown on rupee speculation, now targeting corporate arbitrage after initial measures on banks proved insufficient. New rules
April 2, 2026