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INR falls near record low levels hurt by elevated oil prices
The Indian rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising crude oil prices, hovering well above $100 per barrel, and continued foreign capital outflows. Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz. Elevated crude oil price is likely to sharply impact India's import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Meanwhile, Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices, capping downside in the counter. Sensex settled 609.45 points (0.79%) higher at 77,496.36 while Nifty 50 advanced 181.95 points (0.76%) to close at 24,177.65. Investors are also awaiting cues from the upcoming US Federal Reserve policy decision as dollar ..
Rupee falls 14 paise to close near all-time low level at 94.82 against US dollar
Rupee closes at 94.82 near record low against US dollar, hit by rising Brent crude, FII outflows and West Asia crisis, as markets await US Federal Reserve decision
₹2 lakh wiped from peak! Silver price in India loses all gains of 2026 YTD - Should you still buy the white metal?
After a sharp rally, silver prices have fallen below 2025 levels due to macroeconomic factors and profit booking. The selloff was intensified by a strong dollar and geopolitical tensions. Long-term demand and supply constraints suggest a potential recovery despite near-term pressures.
Infosys Q4 Results: FY27 revenue growth seen between 1.5% to 3.5%; Margins between 20% to 22%
On a sequential basis, Infosys' rupee revenue grew by 2%, but was down 1.2% in US Dollar terms. EBIT increased by 2.8%, while margins saw an expansion of 20 basis points from the previous quarter.
INR weakens near Rs 94 per dollar mark amid resurgence in oil prices
The Indian rupee weakened for the third straight session, losing 39 paise to settle at 93.83 (provisional) against the US dollar on Wednesday as oil prices resumed surge amid uncertainty on US-Iran peace talks eroded hopes of easing West Asia conflict. Intense selling in domestic equity markets and sustained outflow of foreign capital also weighed on the Indian currency. Indian shares fell sharply on Wednesday, with stalled U.S.-Iran peace talks, somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing, and a disappointing set of numbers for the fourth quarter from IT major HCL Technologies weighing on sentiment. The Sensex settled 757 points or 0.95% lower at 78,516, while the Nifty 50 ended 198 points or 0.8% lower at 24,378. At the interbank foreign exchange market, the rupee opened at 93.69 and touched an intraday low of 93.87 against the greenback during the session, nearing the 94 level and its lowest level in three weeks.
China uses West Asia conflict to advance yuan's global payments debut
Beijing challenges US financial dominance across currency, messaging and settlement systems; even if Iran sanctions ease and dollar trust recovers, the yuan push will persist for future crises
TCS logs first annual revenue decline since listing despite Q4 recovery
On Thursday, TCS reported a 0.5% decline in full-year revenue in dollar terms to $30.08 billion, alongside a 3.5% rise in net profit. In the fourth quarter, revenue grew 1.5% sequentially to $7.62 billion, indicating a mild pickup in momentum toward the end of the year.
TCS Shares In Focus After First-Ever Annual Revenue Contraction In Dollar Terms
Even during the pandemic-affected fiscal 2021, TCS had managed a marginal growth of 0.6%.
TCS records first-ever drop in dollar revenue growth in FY26: Report
TCS's dollar revenue declined for the first time, attributed to reduced client spending and a challenging market environment. It reported rupee revenue growth of 5.4% QoQ, reaching ₹70,698 crore, while constant currency growth stood at 1.2%.
TCS Q4 Results Highlights: Rupee revenue growth the highest in 30 quarters; CC growth beats
TCS Q4 Results Highlights: Tata Consultancy Services Ltd. (TCS), the Tata Group giant, reported its results for the March quarter after market closing hours on Thursday, April 9. The results were largely in-line with expectations. Revenue in US Dollar terms stood at $7,621 million, which was in-line with expectations. The other parameters such as rupee revenue, EBIT and EBIT margins were either in-line or marginally higher than street expectations. Stay tuned for all the LIVE updates.
Here's a TCS stat that did not happen even during the Covid-19 year
For the first time in its history, TCS reported a decline in its US Dollar revenue growth for the full financial year. Revenue in US Dollar terms declined 0.5% in financial year 2026, compared to a 3.8% growth in financial year 2025 and 4.1% in financial year 2024.
Rupee could fall to 100/dollar if oil stays above $110/barrel: Neelkanth Mishra
The Axis Bank chief economist's comments come at a time when the local unit has fallen by 4.5% against the dollar since the war in West Asia began on 28 February, and 11% in FY26, hitting an all-time low of 95.1250 per dollar on 30 March.