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Rupee surges 52 paise to 92.54 against dollar; US-Iran ceasefire, RBI stance lift sentiment

The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced a two-week suspension of military strikes against Iran and the Reserve Bank kept policy rates unchanged, PTI reported.Forex traders said investor sentiment improved following Governor Sanjay Malhotra’s assurance that recent forex measures do not…

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India’s high growth, low inflation story at risk! RBI flags 5 adverse impacts from US-Iran war; how resilient is the economy?

RBI’s message is clear: the initial supply shock can potentially transform into a demand shock. (AI image) The US-Iran war has caused major disruptions for global markets and economies, and India as the world’s fifth largest economy is not immune to the shock. Heavily dependent on imports to meet its crude needs, a rise in…

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US stock markets today (April 8, 2026): Dow jumps 1,300, S&P 500 gains 2.4%; crude oil tumbles toward $90 on Iran ceasefire

US stock markets rallied sharply on Wednesday while crude oil prices plunged toward $90 per barrel after President Donald Trump announced a two-week ceasefire with Iran, easing fears of prolonged supply disruptions, AP reported.The S&P 500 surged 2.4%, while the Dow Jones Industrial Average jumped 1,332 points, or 2.9%, and the Nasdaq Composite climbed 2.9%…

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Cabinet okays Rs 40,150 crore for two major hydropower projects in Arunachal Pradesh

The Union Cabinet on Wednesday approved investments totalling Rs 40,150 crore for two major hydropower projects in Arunachal Pradesh, aimed at strengthening renewable energy capacity and regional infrastructure.The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, cleared the Kamala Hydro Electric Project (1,720 MW) and the Kalai-II Hydro Electric Project (1,200 MW),…

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