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Asia shares take a breather as Gulf hostilities drag on
Asian shares slip as a new US strike in Iran lifts oil and Treasury yields, investors eye US PCE inflation data and shifting Fed rate expectations, dollar firms, gold eases.
Gold, Silver prices tumble amid fresh US strikes on Iran, strong US dollar; should investors worry now?
Gold is trading near $4,450, and silver around $72 to $78.50, as rising oil prices and geopolitical tensions impact inflation outlook and investor sentiment.
Why gold and silver prices on MCX remain volatile amid global uncertainty
Gold prices hold below key levels on MCX as silver rebounds, analysts weigh softer US dollar, oil volatility, and Fed rate hike risks for precious metals.
DXY holds around 99 mark; US PCE inflation data in focus
The dollar index is holding around 99 mark but broad momentum stays downbeat as optimism grows over a possible peace deal between US and Iran. However, renewed tensions and ongoing uncertainty around the strategic Strait of Hormuz is likely to keep DXY supported. US military reportedly confirmed it launched self-defense strikes in southern Iran, while Irans Revolutionary Guard claimed it targeted an American F-35 fighter jet and several drones that had allegedly violated Iranian airspace. Off late, Middle East tensions had driven a safe-haven flight to the US Dollar while simultaneously spiking oil prices, which fuels sticky US inflation and forces the Federal Reserve to delay rate cuts. Investor now shift focus towards upcoming PCE inflation data for further clues on the Feds future policy direction. The dollar index that measures the greenback against a basket of currencies is quoting at 98.99, down 0.12% on the day.
INR turns lower amid renewed signs of geopolitical tensions
The Indian rupee turned weak after a positive opening on Wednesday, as uncertainty surrounding peace deal between US and Iran and an uptick in dollar index is adding pressure on the counter. INR opened at Rs 95.60 per dollar and slipped to a low of 95.78 so far during the day. Yesterday, rupee depreciated 47 paise to close at 95.73 against the US dollar, on renewed geopolitical tensions in West Asia and a rise in crude oil prices. Indian shares also fell notably on Tuesday after American forces hit missile launch sites in Iran and boats trying to place mines, denting hopes of an imminent peace deal.
RBI should start rate hike cycle as inflation risks rise, says Bandhan MF’s Suyash Choudhary
Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate hikes alone may not immediately solve the problem. He said the RBI must avoid mixed messaging to prevent market uncertainty and added that a favourable mix of global factors — including lower oil prices, better foreign inflows, and a weaker dollar — could help improve the situation.
Rupee edges lower against dollar amid oil surge and West Asia tensions
Indian rupee opens lower at 95.75 against US dollar, pressured by Iran conflict, elevated crude prices and foreign outflows, outlook remains vulnerable.
Silver rate steady as investors await cues from US Federal Reserve amid US-Iran war: What should investors watch
Silver prices remained stable on May 27 as investors awaited US-Iran peace deal updates and US Fed cues. A strong dollar and rising oil prices limited gains, while geopolitical tensions fueled inflation concerns, impacting precious metals market dynamics.
Gold price today: Rate rises on MCX amid a decline in US dollar, oil prices; experts highlight key levels to watch
Gold price today: Gold prices have been under pressure since the US-Iran war started on 28 February. International gold prices have fallen about 15% since the start of the Middle East conflict.
Rupee falls after three-day rally amid spike in crude oil prices
The rupee weakened against the dollar as crude oil prices surged following fresh US strikes on Iran and concerns over disruptions in the Strait of Hormuz
INR slides on renewed geopolitical tensions in West Asia
The Indian rupee depreciated 47 paise to close at 95.73 (provisional) against the US dollar on Tuesday, on renewed geopolitical tensions in West Asia and a rise in crude oil prices. Brent crude futures for August delivery jumped more than 3 percent above $96 a barrel after the U.S. conducted 'self-defense strikes' on Iranian missile launch sites and boats near the Strait of Hormuz, clouding the outlook for an interim deal between Washinton and Tehran. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, and touched an intra-day high of 95.33 and a low of 95.76 against the American currency. Indian shares fell notably on Tuesday after American forces hit missile launch sites in Iran and boats trying to place mines, denting hopes of an imminent peace deal.
INR loses momentum amid renewed concerns on war front that could trigger oil spike
The Indian rupee lost momentum in opening trades on Tuesday amid uncertainty surrounding West Asia crisis that could once again trigger a flight in oil prices. Rupee regained near two week high amid signs of easing tensions in the war region which led to a sharp slide in crude oil prices and retreat in dollar index. However, caution in equities and foreign flows are keeping sentiments at bay for the local unit. INR opened at Rs 95.43 per dollar and hit a high of 95.33 so far during the day. Yesterday, rupee appreciated 34 paise to close at 95.26 against the US dollar , registering the third straight session of gain, on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz. The NIFTY 50 and BSE Sensex indices opened for trading today at 24,004.10 and 76,224.14, respectively. Asian stock markets are trading mixed this morning, amid renewed uncertainty about a potential peace deal to