A sharp 400-point rally on Tuesday signals relief, not recovery, as traders weigh the possibility of a pause in strikes against an oil market that has cooled but remains on edge Indian equity markets staged their most convincing single-session rally in weeks on Tuesday, with the Nifty 50 surging 399.75 points — or 1.78% — … Read more
Washington steps in as private insurers abandon the strait — but with cover cancelled from March 5 and oil up 17% in days, India faces a mounting crisis at the pump US President Donald Trump has ordered the federal government to provide political risk insurance for all commercial shipping through the Persian Gulf and warned … Read more
The Indian rupee’s recent tailspin spurred by the sharp sell-off in emerging market currencies, particularly the Turkish lira, has caught investors in a bind. The rupee’s fall breached the psychological Rs 70 mark after hovering for a long time around the Rs 69 levels. Equity and bond markets have come under pressure with the rupee … Read more