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Gold price today: Rate drops on MCX amid stronger dollar, higher oil prices; experts highlight key levels to watch
Gold price today: Rate dropped on MCX amid a stronger dollar and higher oil prices. The dollar index rose by about 0.20%, making greenback-denominated gold expensive for buyers in other currencies. Crude oil prices jumped by over 2% amid persistent uncertainty over a US-Iran deal.
Rupee opens 3 paise higher at 94.97 against US dollar
The Indian rupee opened at 94.97 against the US dollar, slightly higher by 3 paise. Rising crude oil prices and foreign portfolio outflows are pressuring the currency, while recent RBI interventions have provided some recovery support amidst concerns over inflation and currency stability.
US-Iran talks, RBI's rate decision likely to steer markets this week
Developments around the USIran situation, crude oil prices, and the RBI's interest rate decision would determine the trend in the equity market in an event-heavy week ahead, analysts said. Besides, macroeconomic data announcements, trading activity of foreign investors and the rupee-dollar trend would act as key drivers for equities, they noted. "Participants will closely monitor global developments surrounding the USIran situation and movement in crude oil prices, which continue to remain critical for inflation expectations, currency stability, and foreign flows," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The final HSBC Manufacturing PMI reading for May will be announced on Monday, followed by the Services PMI and Composite PMI data on Wednesday. These indicators will provide important insights into demand trends, business activity, and growth resilience across sectors, he said. "The key event of the week will be the RBI monetary policy announcement on Friday," Mishr
Why Indian investors need global exposure today
With the rupee weakening and structural pressures from oil, capital outflows and inflation differentials persisting, Indian investors face currency risk in domestic-only portfolios. The article argues for global diversification, highlighting how dollar assets provide both return potential and currency protection, making international exposure a strategic necessity.
Market Outlook: US-Iran talks, crude oil among 5 factors to drive D-St in first week of June
Markets brace for a crucial week. Investors watch US-Iran peace talks closely. Crude oil price drops also impact sentiment. Foreign investors sold heavily, impacting Indian equities. The Rupee shows strength against the US Dollar. Technical indicators suggest a lack of strong trend. Geopolitical and economic developments will drive market sensitivity.
INR appreciates near three-week high as oil retreats on ceasefire talks
The Indian rupee appreciated 53 paise to close at 95.05 (provisional) against the US dollar in early trade on Friday, as renewed optimism over the peace deal between the US and Iran boosted market sentiments. The domestic currency gained momentum near a three week high on an overnight decline in crude oil prices and a fall in the US dollar, after the US and Iran reached an understanding to extend the ceasefire for another 60 days although Trumps approval on the same is awaited. On Thursday, the US and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran's nuclear programme. Meanwhile, BSE Sensex closed about 1.4% down at 74,775.7 on Friday, extending losses for a third session, restricting upside in the counter as investors remained cautious amid ongoing FII outflows, persistent geopolitical uncertainty and weaker-than-normal monsoon forecasts that could impact inflation.
Wall Street is focused more on AI than war fears now: Standard Chartered strategist
Steven Englander, Managing Director - Global Head of G10 FX Research, and North American Macro Strategy at Standard Chartered Bank explains why the dollar remains strong despite softer oil prices, discusses the rupee and emerging market flows, and says rising AI-related investments may be supported by genuine productivity gains rather than speculative excess.
Rupee strengthens against dollar on softer oil and ceasefire optimism, but headwinds persist
Rupee opens stronger as easing crude prices and a possible US Iran ceasefire extension lift sentiment, but dollar outflows and macro risks keep traders cautious.
Rupee opens 14 paise higher at 95.55 against US dollar
The Indian rupee strengthened to 95.55 against the US dollar, bolstered by US-Iran ceasefire talks. However, cautious traders face pressure from dollar outflows and foreign investment withdrawals. Crude oil fell, amid mixed signals regarding US-Iran negotiations, .
Asian market rises, Nikkei, KOSPI rise over 1.50% as US-Iran talk peace again
Asian stocks gain as US Iran ceasefire is extended 60 days, oil and dollar fall, Nasdaq 100 and S&P 500 hit records, AI optimism grows with Dell surge
Oil Heads For Worst Month Since 2020, Brent Crude Slips Toward $93 On Iran Truce Hopes
The sharp decline comes after weeks of volatility driven by fears over the prolonged closure of the Strait of Hormuz, a key artery for global oil trade.
Dollar index surges back near 99.50 amid fresh strikes between US and Iran
The dollar index surged back overnight and extends upside on Thursday morning in Asia amid signs of fresh strikes between US and Iran. The exchange of attacks between the US and Iran has significantly dented optimism towards a permanent peace deal. The resumed military strikes has also resulted in an increase in oil prices, that could boost inflation expectations further move towards a hawkish Federal Reserve stance. The dollar index that measures the greenback against a basket of currencies is quoting at 99.50, up 0.35% on the day. Investors will now focus on the US Personal Consumption Expenditure Price Index (PCE) data for April, which will be published later today, for further cues.