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Us-Iran Conflict, Oil Prices Key Market Drivers For Dalal Street This Week: Analysts
Besides, the rupee's movement, which crashed below the 96 mark against the US dollar last week, would also influence trading sentiment.
Rupee slips past 96/$ amid stronger dollar, elevated crude oil prices
SBI report says another ₹2 depreciation wipe out oil co's gain; Bond yields harden after fuel price hike
INR hits record low beyond 96 per dollar mark during intraday moves
The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Indian shares also reversed early gains to end modestly lower on Friday as Hormuz concerns persisted and the Trump-Xi summit yielded little progress on the war in Iran. The domestic currency has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts. Global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Benchmarks decline after two-day surge; Nifty slips below 23,650
Sentiment remained cautious due to the weakening rupee, which slipped past the Rs 96-per-dollar mark. Elevated crude oil prices, inflationary pressures, and persistent geopolitical tensions also weighed on markets.
Rupee Breaches 96-Mark Against US Dollar: Experts Seek RBI Intervention
Experts note that the rupee's performance remains heavily dependent on crude oil prices.
Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability
Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
A Rs 3 hike makes India’s inflation battle somewhat harder
Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.
Rupee sinks to all-time low of 96 against dollar
Rupee hits record low at 96.11 against US dollar, pressured by strong dollar, higher crude oil prices and global risk aversion, outlook hinges on oil and policy.
Rupee hits record low: What Govt, RBI may do next to defend INR vs dollar
Rupee fall in 2026: Emkay Global warns India may need rate hikes by RBI, tighter remittance rules and other policy measures to defend the rupee if crude oil prices remain above $100 per barrel
Rupee under pressure amid oil surge and dollar strength
Indian rupee slips against US dollar as high crude prices, rising US yields and foreign outflows weigh on sentiment, RBI seen curbing volatility.
Rupee opens 11 paise lower at 95.87 against the US dollar
The Indian rupee opened weaker at 95.87 against the US dollar, continuing a downward trend due to rising US Treasury yields and high crude oil prices. The rupee has fallen to record lows for three consecutive sessions, influenced by foreign equity withdrawals and high demand for dollars.