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Rupee falls 53 paise to close at all-time low of 92.35 against US dollar

Mumbai, Mar 9 (PTI) The rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee, forex traders said. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its all-time low of 92.35 (provisional), down 53 paise

Sensex, Nifty sink nearly 2 pc on surging crude oil prices, West Asia turmoil

Mumbai, Mar 9 (PTI) Equity benchmark indices Sensex and Nifty nosedived nearly 2 per cent on Monday as soaring crude oil prices and weak global trends due to the worsening situation in West Asia triggered a sharp sell-off in the stock market. Besides, unabated foreign fund exodus and the weakness in the rupee against the US dollar weighed heavily on investors’ sentiment, traders said. The 30-share BSE Sensex tanked 1,352.74 points, or 1.71 per cent, to settle at 77,566.16, registering its second day of decline. During the day, the benchmark crashed 2,494.35 points, or 3.16 per cent, to 76,424.55. A

Oil soars 25%, gold drops as Iran war jolts global commodity markets

Oil soars

SINGAPORE, March 9 (Reuters): Oil soars surged around 25% on Monday to their highest since mid-2022, with Brent on track ‌for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies, boosted the dollar and dampened hopes of interest-rate cuts. Agriculture markets, led by edible oils, rose as they took their cue from oil prices due to the extensive use ​of vegetable oils in making biofuels. Aluminium firmed on supply worries even as other metals faced headwinds from ​a stronger dollar. “The violent reaction stems from the markets seeing no obvious offramp in

Indian refiners tumble as crude surges on widening Iran war

A worker stands next to a machine at an Indian Oil fuel station in New Delhi, India, March 6, 2026. REUTERS/Bhawika Chhabra

March 9 (Reuters): Shares of Indian refiners slumped on Monday, as the widening U.S.-Israeli war with Iran propelled ​Brent crude prices toward $120 per barrel – a near four-year high – threatening their ‌near-term earnings. State-run Indian Oil (IOC.NS), dipped 6.6%, Hindustan Petroleum (HPCL.NS), slid 7.5% and Bharat Petroleum (BPCL.NS), dropped 7.1%, and were headed for their steepest falls in more than ​a year.Reliance Industries (RELI.NS), lost 2%. Brent crude soared as ​much as 26.4% to $117.16 a barrel and was ⁠last up 23% at $114.08 by 9:15 a.m. IST. UBS said ​oil marketing companies are “negatively leveraged” to the

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