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Rupee dips 1 paisa to settle at 90.92 against US dollar

Mumbai, Feb 26 (PTI) The rupee slipped 1 paisa to settle at 90.92 (provisional) against the US dollar on Thursday, weighed down by a rise in global crude oil prices and a firm greenback against major rivals. However, foreign fund inflows supported the local unit and prevented the decline, forex traders said. At the interbank foreign exchange, the rupee opened at 90.86 against the greenback and traded in a narrow range of 90.81-90.93 during the session. Eventually, it closed at 90.92 (provisional), down 1 paisa from its previous close. The rupee stayed range-bound and settled with a gain of 4

Sensex slips 27 pts amid caution ahead of US-Iran nuclear talks; FMCG major drag

Mumbai, Feb 26 (PTI) Benchmark BSE Sensex slipped by 27.46 points to close at 82,248.61 in a volatile session on Thursday, dragged down by selling in HDFC Bank and other blue-chip stocks. Investors remained cautious amid the proposed US-Iran nuclear talks, AI-related developments and tariff concerns. The 30-share index opened higher and gained a further 303 points to hit a high of 82,579.16 in late morning deals amid optimism in other Asian markets. However, profit-taking in financial services, FMCG and realty shares dragged the index down 608 points from the day’s high, hitting a low of 81,970.47 in afternoon deals.

Gold enters long-term uptrend as global risks boost demand: Report

Mumbai, Feb 26 (PTI) Gold’s long-term outlook remains bullish as global de-dollarisation, fiscal stress and increasing geopolitical tensions reshape the global financial order, according to Motilal Oswal Financial Services Ltd (MOFSL). In its latest Precious Metals Quarterly Report, the brokerage firm said the yellow metal prices crossed the USD 5,000 per ounce mark in early 2026, marking one of the strongest long-term bull phases in modern history. It said the gold has entered a “structural repricing phase,” marking the beginning of a new supercycle rather than a cyclical rally. MOFSL expects Comex gold to settle toward USD 6,000 per ounce

US and Iran are holding a third round of nuclear talks as more American forces deploy to the Mideast

GENEVA, February 26, 2026 (AP) — Iran and the United States began indirect talks Thursday in Geneva over Tehran’s nuclear negotiations viewed as a last chance for diplomacy as America has gathered a fleet of aircraft and warships to the Middle East to pressure Tehran into a deal. U.S. President Donald Trump wants a deal to constrain Iran’s nuclear program, and he sees an opportunity while the country is struggling at home with growing dissent following nationwide protests last month. Iran meanwhile has maintained it wants to continue to enrich uranium even as its program sits in ruins, following Trump

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