dollar weakness

Gold and silver prices are expected to trade within a narrow band this week, with investors closely watching US-Iran peace talks and key global economic data. Analysts noted that while gold's momentum appears steady, silver shows positive movement. Geopolitical tensions and central bank buying are also influencing precious metal markets.

The Indian rupee opened sharply lower against the US dollar, falling 36 paise to 94.58 due to rising Middle East tensions. This marked a reversal from Thursday's gains, as US President Trump warned Iran of stronger military action.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global oil prices.

Foreign portfolio investors have withdrawn over Rs 2 lakh crore from Indian equities in 2026, with May seeing further outflows of Rs 14,231 crore. Persistent global macroeconomic uncertainties, including inflation and interest rate concerns, are driving this trend, making developed market debt more attractive. Despite overall selling, some selective interest remains in specific sectors and growth-oriented mid and small-cap stocks.

A disturbing scam in Uganda exploits animal suffering for profit. Scammers create fake rescue videos of injured dogs, like Russet, to solicit donations from Western donors. Investigations reveal deliberate harm and staged treatments, with over $730,000 raised. Activists are now working to expose these operations and urge donors to support verified organizations to combat this cruel industry.

Soaring crude oil prices, averaging $105.4 a barrel, are straining oil companies' finances as they sell fuel below cost. Despite government excise duty cuts, losses are unsustainable. Experts suggest gradual price hikes and innovative strategies to manage the transition to renewables while supporting companies' investments and the macroeconomy.

Benchmark Index Falls 852 Pts | Brent Breaches $103 Per Barrel

Hezbollah's deployment of cheap, fibre-optic drones is presenting a significant challenge to Israeli forces in southern Lebanon. These low-tech, untraceable devices, unlike GPS-guided ones, are difficult to counter, forcing the Israeli military to adapt its tactics. The group is manufacturing these drones domestically, exploiting perceived weaknesses in Israeli defenses.

Gujarat Manufacturers Are Optimistic About The Revival Marked By New Styles And Wider Application Of The Fabric. Capacity Utilization Of Units Has Risen, Export Order Books Look Good. Profit Margins, However, Still Frayed

A common annoyance with late video rental fees sparked a revolutionary idea for Reed Hastings. The limitations of physical stores, from sold-out movies to strict hours, fueled widespread customer frustration. The advent of durable, mail-friendly DVDs, combined with online ordering, allowed Netflix to dismantle these inconveniences, offering a more convenient and stress-free movie rental experience for millions.

But Vivek’s rise, if things go according to plan he might become the third Indian-origin governor of an American state after Bobby Jindal and Nikki Haley, is not just a litmus test of an Indian-American’s success story in US politics. It is a test of how far the MAGA tent will accommodate a brown non-Christian man and also how far an Indian-American can go in Trump’s America.