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Rupee rebounds from all-time low to 91.85 against US dollar

Mumbai, Mar 10 (PTI) The rupee staged a strong recovery from its record low against the US dollar on Tuesday, gaining 36 paise to settle at 91.85 (provisional), aided by a sharp fall in global crude oil prices over hopes of de-escalation of the ongoing conflict in West Asia. Sharp gains in the domestic equity markets, along with a weaker greenback, provided further support to the domestic unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 91.92 against the US dollar and traded in the range of 91.71-92.19 before settling at 91.85 (provisional), up 36

Sensex, Nifty bounce back as retreating crude oil prices buoy global sentiment

Mumbai, Mar 10 (PTI) Stock market benchmark indices Sensex and Nifty ended nearly 1 per cent higher on Tuesday after two days of massive decline, following a drop in crude oil prices and recovery in global peers amid indications that the West Asia crisis could end soon. The 30-share BSE Sensex jumped 639.82 points or 0.82 per cent to settle at 78,205.98. During the day, it surged 960.09 points or 1.23 per cent to 78,526.25. The 50-share NSE Nifty climbed 233.55 points or 0.97 per cent to end at 24,261.60. Brent crude, the global oil benchmark, tumbled 9.03 per cent

War with Iran delivers another shock to the global economy

WASHINGTON, March 10, 2026 (AP) — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at central banks like the Federal Reserve. Causing much of the pain: Iran shut down the Strait of Hormuz — through which a fifth of world’s oil passes — after the U.S. and Israel launched missile strikes Feb. 28 that killed Iranian leader Ayatollah Ali Khamenei. “For a long time, the nightmare scenario that

US allies and rivals in Asia gauge fallout from war in the Middle East

SEOUL, South Korea, March 10, 2026 (AP) — As war spreads across the Middle East, U.S. rivals and allies in Asia are preparing for the consequences, which include possible economic shock and long-term security threats. Here’s a look at how the fighting in the Middle East is impacting the Koreas, Japan and China. North Korea At a major political conference last month, North Korean leader Kim Jong Un insisted the country’s decades-long pursuit of nuclear weapons was the “correct” choice, despite crippling isolation and scarce resources. The U.S.-Israeli attacks on Iran will only reinforce that belief. North Korea’s leadership likely

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