S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Indian rupee hovered around 96.2 per dollar, remaining under pressure after reaching eight-week lows as sentiment weakened on rising crude oil prices. Brent crude climbed above $85 per barrel amid escalating tensions between the US and Iran, raising concerns over potential supply disruptions through the Strait of Hormuz and increasing India’s oil import bill. The rupee has fallen about 1.7% so far this month, moving closer to its record low reached in May. Meanwhile, the positive sentiment from the Reserve Bank of India’s recent measures to attract dollar inflows has largely faded, prompting traders to resume buying dollars on dips in anticipation of further rupee weakness. Additional pressure came from more than $14 billion in overseas investment announcements by Indian companies early in the fiscal year, boosting demand for foreign currency, while foreign portfolio outflows and higher oil imports continued to weigh on the rupee and India’s foreign exchange reserves.
