Latest News

Stock markets surge in early trade as crude oil prices drop sharply

A screen displays an image of U.S. President Donald Trump at the Bombay Stock Exchange (BSE) in Mumbai, India. (Photo: Reuters

Mumbai, Aug 3 (PTI) Stock market benchmark indices Sensex and Nifty surged in early deals on Monday following a sharp decline in crude oil prices amid easing geopolitical tensions. Foreign fund inflows also added to markets’ optimism during the initial trade. The 30-share BSE Sensex jumped 470.06 points to 78,564.70 during initial trade. The 50-share NSE Nifty climbed 150 points to 24,532.95. From the Sensex pack, ITC, Bajaj Finserv, InterGlobe Aviation, Bajaj Finance, Tata Consultancy Services and Infosys were among the major winners. Sun Pharma and Maruti were the laggards. Brent crude, the global oil benchmark, traded 4.97 per cent

Rupee rises 31 paise to 95.12 against US dollar in early trade

Mumbai, Aug 3 (PTI) The rupee surged 31 paise to 95.12 against the US dollar in early trade on Monday over a steep fall in global crude oil prices and a softer greenback after US President Donald Trump decided to hold off strikes against Iran. FII inflows, a rise in the country’s forex reserves, and Reserve Bank of India (RBI) support further strengthened the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 95.15 against the greenback before rising further to 95.12, up 31 paise from its previous close. The rupee stayed in positive

US dollar weakens sharply against the Japanese yen after market interventions

TOKYO, August 3, 2026 (AP) — The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets. Before late last week, the dollar was trading above 163 yen, touching 40-year highs. After regulators were suspected of stepping in, it fell below 160 yen. Early Monday, after the official announcement of the intervention, the dollar dropped about 1% to 156.34 yen. That’s a big change for the exchange rate. The yen’s prolonged weakness against the dollar has been a source of frustration for Tokyo. Since Japan

Oil retreat to provide RBI’s rupee-support efforts an extra boost

MUMBAI, Aug 3 (Reuters) – The Indian rupee’s recent recovery is set to continue on Monday, with a drop in crude oil prices reinforcing the ​positive momentum created by repeated RBI intervention. The currency is ‌expected to open in the 95.25 to 95.30 range, traders said, after settling at 95.38 per U.S. dollar on Friday. The rupee rallied 1.2% last week, aided ​largely by the Reserve Bank of India’s near-daily intervention through dollar ​sales across multiple levels, per bankers. The combination of RBI ⁠intervention and falling oil prices has shifted the narrative for the rupee ​from fears of a slide

1 2 3 4 5 6 … 1,648