Economy News

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

Rupee opens 1 paise lower at 94.69 against US dollar

The Indian rupee opened slightly weaker at 94.69 against the US dollar despite support from lower crude oil prices and progress in US-Iran negotiations. Market focus has shifted from oil prices to the US Federal Reserve's policy outlook, with expectations of a September rate hike Jun 23, 2026
Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Crude oil prices fall up to 3 pc as US-Iran talks ease supply concerns

The fall in crude prices boosted investor sentiment in equity markets and is expected to benefit oil-importing countries by reducing import costs, inflationary pressures, and current account deficits. However, analysts cautioned that geopolitical tensions in West Asia remain uncertain and require close monitoring. Jun 22, 2026
PhonePe's wallet inactivity notifications: What users need to know

PhonePe's wallet inactivity notifications: What users need to know

The company also clarified that Full KYC is not mandatory for wallet reactivation and that cashback rewards are usually credited to a separate Gift Card Balance, not the wallet. Users facing issues with wallet closure are advised to contact customer support. Jun 20, 2026
Reserve Bank Of India

Strong economic fundamentals helped India withstand West Asia crisis: RBI MPC minutes

The central bank projected CPI inflation to rise gradually through the year, while MPC member Ram Singh noted that higher crude oil prices could significantly impact inflation and the current account deficit. However, easing tensions in West Asia and a decline in crude oil prices are expected to support inflation moderation going forward. Jun 19, 2026
NSE

NSE IPO Comes Under Legal Scrutiny As Court Plea Seeks Listing Halt

NSE has disclosed in its IPO draft papers that a petition pending before the Bombay High Court seeks a stay on its proposed IPO and demands greater disclosure of its shareholding structure, including details of promoter groups, shareholders and ultimate beneficial owners. NSE said it believes the petition lacks merit Jun 19, 2026
Govt Clarifies No Plan To Monetise Gold Held By Temples

Gold slips 1.3%, silver drops 2.7% as safe-haven demand weakens

Gold futures dropped over 1.3 per cent to around ₹1.52 lakh per 10 grams, while silver futures declined nearly 3 per cent to ₹2.45 lakh per kg. Market sentiment weakened after the Fed kept interest rates unchanged but signalled the possibility of further rate hikes, boosting the US dollar and Treasury yields. Jun 18, 2026
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