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Rupee under pressure from outflows, Asia weakness; report on tax relief may support

MUMBAI, June 4 (Reuters) – The Indian rupee is seen opening slightly weaker on Thursday, pressured by equity outflows and soft Asian cues, while expectation around ​steps to support the currency may offer relief. The rupee is ‌expected to open in 95.74-95.78 range, per traders, having settled at 95.7050 on Wednesday. After staging a brief relief rally to the 94.70 level, the currency has come under renewed ​pressure. A pickup in equity outflows and fading hopes of a ​U.S.-Iran detente have put the rupee back on the back ⁠foot. A prolonged war in the Middle East is a key risk

Indian shares on track for lower open as US-Iran tensions unsettle markets

June 4 (Reuters) – Indian shares are likely to open lower on Thursday, mirroring broader Asian markets, as renewed U.S.-Iran fighting rattled investors globally, even as ​conflicting signs of de-escalation kept them cautious. GIFT Nifty futures were at ‌23,320, as of 7:23 a.m. IST, indicating the benchmark Nifty 50 would open below its previous close of 23,405.6. Israel and Lebanon agreed to implement a ceasefire to end ​hostilities, the Trump administration said on Wednesday, boosting hopes for a ​broader deal to end the Iran conflict. Tehran, which had conditioned ⁠any deal with the U.S. in part on an end to

Portugal and Austria defeat Germany for seats on the UN Security Council

UNITED NATIONS, June 4, 2026 (AP) — Portugal and Austria defeated Germany for seats on the powerful but deeply divided U.N. Security Council on Wednesday in a hotly contested race after intense campaigning. The 10 rotating seats on the 15-member Security Council are earmarked for different regions of the world. The assembly elects five countries by secret ballot every year to serve two-year terms alongside the council’s five permanent veto-wielding members — the United States, Russia, China, Britain and France. In the other contested race, after four rounds of voting in the 193-member General Assembly, Kyrgyzstan defeated the Philippines by

India to scrap capital gains tax on foreign investment in government bonds, ET reports

MUMBAI, June 4 (Reuters) – India plans to scrap capital gains tax on investments in ​government securities by foreign portfolio investors (FPIs), ‌the Economic Times reported on Thursday, citing sources. The plan is part of efforts to draw ​capital flows into India, amid ​pressure on the South Asian nation’s ⁠currency. Reuters could not independently verify the ​report. An email to the federal finance ​ministry went unanswered. Here are more details from the report: Cabinet meet on Wednesday approved the scrapping of capital ​gains tax on foreign portfolio investment ​in government bonds. Decision likely to be implemented via an ‌ordinance ⁠amending

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