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Asia markets rise on US-Iran deal optimism as AI-tech stocks surge
Asian stocks and global shares rose on hopes of a US Iran peace deal, led by tech and chipmakers like Micron and SK Hynix, as bond yields and the dollar slipped
Micron is Wall Street's latest 'trillion-dollar' baby after UBS sees over 100% upside
Micron is also benefitting from the next stage of the AI chapter as investors are now betting on companies useful in building out this critical infrastructure, rather than those running the theme itself. The demand has triggered a global memory chip shortage, which players like Micron are struggling to fill.
Dollar climbs as US strikes on Iran dent ceasefire optimism
GLOBAL-FOREX:Dollar climbs as US strikes on Iran dent ceasefire optimism
Rupee opens 35 paise higher at 95.34 against US dollar
The Indian rupee rose 35 paise to 95.34 against the US dollar, aided by improved risk sentiment and RBI's intervention. RBI Governor Malhotra emphasized support for the currency, while easing global tensions and falling crude prices also contributed to the rupee's recovery from recent lows.
Dollar slumps as signs of deal to reopen Hormuz spur risk appetite
GLOBAL-FOREX/:FOREX-Dollar slumps as signs of deal to reopen Hormuz spur risk appetite
Stocks rise, oil and dollar slide on Middle East peace hopes
GLOBAL-MARKETS/ (WRAPUP 1):GL
Dollar near six-week high amid Iran war jitters
GLOBAL-FOREX/ (UPDATE 5):FOREX-Dollar near six-week high amid Iran war jitters
RBI net sells record $53.13 billion in spot forex market in FY26
RBI records highest-ever net dollar sales in FY26 as the rupee remains under pressure from global uncertainty, capital outflows and rising crude prices
Top Gainers & losers on May 22: JSW Cement, Honasa Consumer, Tata Comm, Sammaan Capital, Trent among top gainers
On May 22, markets showed mixed results with the Nifty 50 gaining 0.40% and Sensex rising 0.36%. While Nifty Private Bank and Nifty Metal saw gains, Nifty Media and Nifty Pharma lagged. The Indian rupee strengthened to 95.9 per dollar amid RBI interventions.
US Stock Market: Fed mulls longer dollar liquidity support for global central banks - The Economic Times
US Stock Market: Fed mulls longer dollar liquidity support for global central banksThe Economic Times
Rupee opens 6 paise lower at 96.26 against US dollar
The rupee opened lower at 96.26 against the US dollar, affected by weakness in Asian currencies and previous RBI interventions. Analysts expect volatility in USD/INR, with geopolitical tensions and RBI actions influencing future movements.
Dollar whipsawed by conflicting Iran deal signals
GLOBAL-FOREX/ (UPDATE 3):FOREX-Dollar whipsawed by conflicting Iran deal signals