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Rupee hits record low of 95.43 against US dollar as economic worries mount on renewed US-Iran tensions

MUMBAI, May 5 (Reuters) – The Indian rupee slid to a record low on Tuesday as a fragile truce in the Middle East came ‌under strain after the U.S. and Iran launched new attacks to wrestle for control of the Strait of Hormuz, a key artery for global energy supplies. The currency weakened to 95.4325 per dollar, down as much as 0.4% on the day and eclipsing its previous all-time low of 95.33 ​hit last Thursday. It pared losses to end the session at 95.28. State-run banks were spotted offering dollars near the ​rupee’s record low, which traders said were

Stock markets decline as renewed geopolitical concerns weigh on investor sentiment

Mumbai, May 5 (PTI) Benchmark indices Sensex and Nifty buckled under selling pressure on Tuesday as fresh tensions flared in the Strait of Hormuz region and the ceasefire between the US and Iran came under strain. The rupee hitting a record low against the US dollar amid elevated crude prices also made investors cautious. In a volatile session, the 30-share BSE Sensex dropped 251.61 points, or 0.33 per cent, to settle at 77,017.79. During the day, it tanked 754.37 points, or 0.97 per cent, to 76,515.03. The 50-share NSE Nifty edged lower by 86.50 points, or 0.36 per cent, to

WB result: Split in minority votes cracks TMC bastions, fuels BJP surge in Muslim-majority districts

Kolkata, May 5 (PTI) In an election that has upended West Bengal’s entrenched political arithmetic, the BJP’s sweeping victory has drawn its decisive momentum not merely from traditional strongholds but from unexpected gains in Muslim-dominated districts, where a fractured minority vote quietly rewrote the script that had long favoured the TMC. For over a decade, the TMC’s dominance in districts such as Murshidabad, Malda and Uttar Dinajpur rested on a near-complete consolidation of Muslim votes, a bloc that accounts for 50 per cent or more of the population in large parts of this belt. That group, forged in the aftermath

Will of people supreme, says Mahua Moitra after BJP’s landslide victory in Bengal

Kolkata, May 5 (PTI) A day after the Trinamool Congress faced a drubbing by the BJP in the West Bengal assembly elections, TMC MP Mohua Moitra on Tuesday said her party respects the mandate as the will of the people is supreme. She also said that the party will continue the fight for a “secular country”. In a post on X, Moitra said, “The will of the people is supreme. If Bengal wanted BJP, then Bengal has got BJP. We respect that.” The BJP on Monday scripted history by winning 206 seats to secure more than a two-thirds majority in

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