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Rupee weakens by 56 paise to settle at 93.39 against US dollar

Mumbai, Apr 13 (PTI) The rupee slumped by 56 paise to settle at 93.39 (provisional) against the US dollar on Monday after a failed US-Iran peace talk fuelled uncertainties in West Asia, leading to a surge in crude oil prices and a global chase for the greenback. According to forex analysts, uncertainties over the opening of Strait of Hormuz following the US announcement to blockade Iranian ports further intensified withdrawal for foreign capital from domestic equities, weakening the Indian currency. At the interbank foreign exchange market, the rupee opened at 93.30 against the US dollar and moved between a low

Silver declines Rs 1,800, gold falls Rs 300 in Delhi

New Delhi, Apr 13 (PTI) Silver prices declined Rs 1,800 to Rs 2.45 lakh per kilogram in the national capital on Monday, while gold fell to Rs 1.55 lakh per 10 grams amid weak global cues. According to the All India Sarafa Association, the white metal decreased Rs 1,800, or nearly 1 per cent, to Rs 2,45,200 per kg (inclusive of all taxes) from Friday’s closing level of Rs 2,47,000 per kg. Gold of 99.9 per cent purity also edged lower by Rs 300 to Rs 1,55,000 per 10 grams (inclusive of all taxes). The yellow metal had finished at

India forecasts sub-par monsoon in 2026 after two years of above-average rains

New Delhi, April 13 (Reuters) – India is likely to see below-average monsoon rains ​for the first time ‌in three years in 2026, the government said on Monday, ​stoking concerns over farm ​output and growth in Asia’s ⁠third-largest economy as it battles ​inflation driven by the ​Iran war. The monsoon, which typically arrives over the southern state of Kerala ​around June 1 and ​retreats by mid-September, is expected to ‌reach 92% ⁠of the long-period average this year, M. Ravichandran, secretary in the Ministry of Earth ​Sciences, ​told ⁠a news conference. Make sense of the latest ESG trends affecting companies and

Britain will not back blockade of Strait of Hormuz, PM Starmer says

LONDON, April 13 (Reuters) – British Prime Minister Keir Starmer said on ​Monday that whatever the pressure, Britain would not be dragged into ‌the Iran war nor be involved in a blockade of the Strait of Hormuz. “We’re not supporting the blockade,” he told BBC Radio 5 Live, adding that it was ​vital to get the Strait reopened. “It is, in my view, vital ​that we get the Strait open and fully open, and ⁠that’s where we’ve put all of our efforts in the last ​few and we’ll continue to do so,” Starmer said. Britain had minesweepers in the ​region,

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