Topic
crude oil prices
Finance Rupee Falls 11 Paise to 96.36 Against US Dollar Amid US-Iran Tensions and Rising Crude Oil Prices
The Indian rupee opened 11 paise weaker at 96.36 against the US dollar on Wednesday, pressured by rising crude oil prices and safe-haven demand amid renewed US-Iran tensions. The dollar index edged lower to 101.15, while Brent crude rose 1.18% to USD 92.08. RBI measures to attract overseas deposits have provided support, according to Anil Kumar Bhansali of Finrex Treasury Advisors LLP.
Business Goldman Sachs and EY Raise India Growth Forecasts on Lower Crude Oil Prices
Goldman Sachs and EY revised India's growth forecasts upward on Friday, citing easing West Asia tensions and lower crude oil prices. Goldman Sachs raised its CY2026 real GDP growth forecast by 0.3 percentage points to 6.8%, while EY pegged 2026-27 growth at 6.6-6.8%. Both firms also lowered inflation and fiscal deficit estimates.
Business BSE Sensex, Nifty50 Drop Amid US-Iran Tensions and Oil Price Surge
The BSE Sensex and Nifty50 indices fell by around 1% due to escalating US-Iran tensions and rising crude oil prices. This decline erased over Rs 3 lakh crore from the market cap of BSE-listed companies. Investors are cautious amid geopolitical uncertainties and foreign institutional investor outflows.