The rupee slid past the 95-per-dollar mark for the first time, hitting a record low as oil prices surged and pressure intensified across Indian markets.
The Lok Sabha has passed amendments to India’s insolvency law, with the government promising faster case admission, better recoveries and a more efficient bankruptcy system.
Oil prices rose above $116 a barrel after Iran accused the US of preparing for possible ground action, adding fresh stress to global energy markets.
Explainer: How global oil and gas conflicts influence India’s economy, fuel prices and inflation.
Iran conflict triggers LPG supply concerns for fast-food chains like McDonald’s and KFC in India.
Bhutan transferred about $11.8 million worth of Bitcoin from its national crypto reserve, according to blockchain data from Arkham Intelligence.
Rising tensions linked to the Iran conflict could create supply chain risks for South Korean semiconductor giants such as Samsung Electronics and SK Hynix. Analysts warn that disruptions in shipping routes and energy markets may affect the global chip industry.
The Indian rupee fell 42 paise to close at 91.50 against the US dollar amid strong dollar demand and elevated crude oil prices. Analysts cite global uncertainties and capital flow trends as key drivers.
Qantas shares fell more than 10% as escalating US-Iran tensions pushed oil prices higher, raising concerns about fuel costs and travel demand. Markets remain sensitive to developments in the Middle East.
