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The Indian rupee hit a record low of 96.70 against the US dollar on Tuesday, extending its losing streak to eight sessions. Rising crude oil prices, foreign fund outflows, and a strong dollar due to global risk aversion are key factors. Forex traders also cited supply-chain disruptions. The Reserve Bank of India’s intervention and import

The CEA’s words could not be more direct and the situation the world’s sixth largest economy faces is by no means small. Several macroeconomic indicators are in focus; inflation, health of the current account, and the exchange rate.

US stock indexes traded mixed as easing Treasury yields and lower oil prices calmed investor concerns following last week’s bond selloff. The Dow Jones Industrial Average saw gains, while the S&P 500 edged up and the Nasdaq Composite slipped. Investors are now closely watching upcoming corporate earnings, with Nvidia and Walmart set to report.

A US-Iran conflict has triggered a global energy shock, disrupting oil flows and causing fuel shortages worldwide. India’s shift to prioritize cooking gas production has reduced alkylate exports, exacerbating California’s already tight gasoline market and pushing prices higher. Authorities are monitoring the situation closely.

Earlier today petroleum ministry joint secretary Sujata Sharma said that India will continue importing Russian crude based on commercial practicality and its energy security requirements, regardless of whether US sanctions waivers are in place.

A jury in Oakland ruled Elon Musk waited too long to sue OpenAI and its leaders, a decision that significantly benefits the AI company and its founders. The jury found Musk’s lawsuit barred by the statute of limitations, a finding the judge indicated she agrees with. This ruling comes as OpenAI prepares for a potential