DOLLAR FORECAST 2026
India's economic growth rate to weaken at 6.6% in FY27 on slower investments, consumption: BMI
India's economic growth is expected to moderate to 6.6 percent in the current fiscal year. This slowdown follows a robust 7.7 percent growth in the previous year. Weaker investments and consumption are key factors. Trade disruptions from the West Asia crisis also pose challenges. The Reserve Bank of India's growth estimate aligns with this projection.
China’s EV boom is cleaning the air, and may have prevented 262,000 deaths
Electric vehicles are proving to be life savers. Studies show China's shift to electric cars has prevented thousands of premature deaths. Air pollution has significantly decreased in Chinese cities. In the US, California is also seeing cleaner air with more electric vehicles. Cities like New York and Chicago could see even greater life-saving benefits.
22k gold rate today: Check 24k, 22k, 18k gold prices (June 8, 2026) at IBJA, Tanishq, Joyalukkas, Kalyan Jewellers and Malabar Gold & Diamonds
Gold and silver prices saw a dip this today. Rising global tensions fueled inflation worries, while strong US economic data suggested interest rates would stay high.
Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economy
Fitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow economic activity in the September and December quarters. Rising prices will dampen consumer spending. For FY28, growth is expected to pick up to 6.7 percent. Fitch also anticipates the Reserve Bank of India will increase interest rates.
FIFA 2026: Brokerages bet on sector winners as soccer World Cup set to kick off
The 2026 FIFA World Cup will bring billions to host nations. Analysts expect a surge in spending on hotels, airlines, and retail. Beer sales are also set to rise. Media companies and online betting platforms will see increased revenue. This global event is poised to boost economies significantly.
AI-driven data centre demand far outstrips supply despite record hyperscaler spending: Jefferies
Global demand for data centres continues to significantly outpace available supply, creating a structural shortage that is expected to persist for years as artificial intelligence (AI) adoption accelerates, according to a report by Jefferies.
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Why is the US stock market down today? Dow Jones, S&P 500 and Nasdaq crash big as strong jobs report, rising Treasury yields and AI stock selloff shake Wall Street — here are today's biggest gainers and losers
Why is the stock market down today? A hotter-than-expected jobs report erased any lingering hope for near-term Federal Reserve rate cuts — and the US stock market is paying a steep price for that reality check. The Dow Jones fell more than 400 points, the S&P 500 lost 1.8%, and the Nasdaq tumbled nearly 3%. AI stocks led the decline, with Nvidia, Intel, Marvell, and Broadcom losing billions in market value.
RBI MPC highlights: Top decisions announced by Governor Sanjay Malhotra & Co
RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra announced the Monetary Policy Committee's (MPC) decision, with repo rate remaining unchanged at 5.25%. At its previous policy review in April, the RBI had kept rates unchanged, choosing to closely monitor the evolving geopolitical situation and its potential impact on energy prices, inflation and economic activity.
RBI courts overseas investors as oil prices and capital outflows weigh on rupee
The Reserve Bank of India has introduced new measures to draw foreign investment. These steps aim to boost the country's finances and support the rupee. The RBI is easing rules for foreign investors in government bonds. It is also making it simpler for overseas Indians and residents to invest.
RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook
RBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude oil prices and a weakening rupee against the need to support economic growth. The decision comes amid geopolitical tensions and concerns over a below-normal monsoon, with the central bank closely monitoring future rate trajectories.
‘The upcoming El Nino event could cost India $1 trillion in losses’
An impending El Nino event threatens global economies, with India facing potential losses exceeding one trillion dollars. This climate phenomenon, amplified by global warming, exacerbates extreme heat and disrupts monsoons. Experts urge governments to invest in adaptation measures like improved forecasting, early warning systems, and drought-resistant agriculture.
A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine print
India’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route for imports. The crisis comes just as India faces a below-normal monsoon forecast, with the IMD projecting rainfall at 90% of the long-term average and a 92% probability of El Niño conditions, raising concerns over crop output and food inflation.
Morgan Stanley sees Reliance Industries’ AI, new energy bets powering next growth chapters. Here’s why
Morgan Stanley believes Reliance Industries has entered its fifth monetisation cycle, with artificial intelligence infrastructure and new energy businesses poised to become key growth drivers. Maintaining an overweight rating and a target price of Rs 1,803, the brokerage sees 34% upside in the stock.
RBI MPC meet: Central bank likely to maintain status quo on rates, adopt cautious approach amid West Asia crisis
Experts anticipate the Reserve Bank of India will maintain its key policy rate at 5.25 percent this week. The central bank is expected to adopt a cautious approach, considering potential inflation headwinds and growth challenges. Factors like West Asia turmoil, rising energy prices, and a weakening rupee are influencing this outlook.
Why stock market crashed today? Sensex sinks 1,100 points, Nifty below 23,550. 4 key factors
Indian stock markets experienced a sharp downturn Friday, with Sensex and Nifty falling significantly due to persistent foreign investor selling and concerns over a predicted low monsoon. The IMD's forecast of below-normal rainfall and potential El Niño effects fueled inflation worries, impacting investor sentiment across Dalal Street.
RBI to hold rates in June; majority now expect hike by year-end: Poll
The Reserve Bank of India is expected to hold its key interest rate steady in June. However, economists now foresee at least one rate hike by the end of the year. This shift is driven by concerns over elevated oil prices and a weakening rupee. Inflation remains below the RBI's target, providing little immediate pressure for action.
India steers boat through a risky channel between war clouds and El Nino
India faces a challenging global economic outlook for 2026-27. Geopolitical tensions and volatile oil prices are key concerns. However, India is building resilience through infrastructure, manufacturing incentives, and reduced import dependence. The nation is positioning itself as an investment destination amidst global uncertainty. Domestic demand and strategic initiatives offer a path forward.
Wall Street pushes to more records as profits keep piling up for US companies
U.S. stocks hovered near record highs as strong corporate earnings, led by Snowflake and Dollar Tree, offset macro concerns. Oil price volatility tied to U.S.-Iran tensions, easing Treasury yields, and weak housing data signaled economic strain, even as resilient profits and AI-driven growth continued to underpin market momentum.
US stocks today: US stocks hold near records even as crude oil prices rise again
U.S. stocks hover near record highs despite economic pressures from the conflict with Iran. While oil prices rebound, strong corporate profits from companies like Dollar Tree and Snowflake are bolstering the market. Investors remain cautious amid conflicting reports on a potential U.S.-Iran deal.
BTC USD price forecast: Why Cathie Wood predicts Bitcoin could reach $1.25 million by 2030 as ARK Invest sees massive institutional growth
Bitcoin (BTC USD) price prediction by Cathie Wood: ARK Invest CEO Cathie Wood forecasts Bitcoin could surge to $750,000 by 2030, with a bull case reaching $1.25 million. This optimism stems from growing institutional adoption, including spot ETFs, and Bitcoin's potential to rival gold as a store of value. Emerging market demand also bolsters this outlook.
What should you do with your gold investments amid delay in US-Iran deal, high oil prices and inflationary concerns
Gold prices on MCX slipped amid rising geopolitical tensions, elevated crude oil prices and inflation concerns linked to the delayed US-Iran deal. Experts advise investors to avoid panic selling and instead hold or accumulate gold in phases during dips. Financial gold options like ETFs and mutual funds are preferred. Analysts recommend allocating 10-15% of portfolios to gold and expect prices to remain strong through 2026.
Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cash
Oil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barrel. Despite recent price hikes, government reluctance to reverse duty cuts and fiscal pressures mean OMCs are absorbing the pain, potentially impacting non-defence capital expenditure.
Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
Sri Lanka's central bank enacted a significant 100 basis point policy rate hike, its largest in four years, to combat rising inflation and a weakening rupee. This move comes as the nation grapples with soaring energy prices driven by the Middle East conflict, impacting economic growth and foreign reserves.
Weakening currency: RBI weighs measures including rate hike to stabilise rupee
The Reserve Bank of India is exploring multiple options to stabilize the rupee, which recently hit a fresh low. These include a potential interest rate hike, increased currency swaps, and raising dollars from overseas investors through deposit schemes and sovereign bonds. Policymakers recognize the rupee's rapid depreciation and are prioritizing its stabilization.
AI chip demand drives 6% growth for Singapore in first quarter
Singapore's economy surged six percent in the first quarter. Demand for artificial intelligence chips is driving this growth. This boost helps balance challenges from the Middle East conflict. The government maintains its annual economic forecast. Strong performance in trade, manufacturing, and finance sectors is noted. AI-related demand is expected to continue supporting regional economies.
One-year forward rupee rate breaches 100 per US dollar mark
The Indian rupee has crossed the Rs 100 per US dollar mark in its one-year forward rate. This comes as the spot market saw the rupee hit another historic low. Unabated dollar outflows and elevated crude prices are fueling the currency's weakness. Market watchers believe the pace of depreciation could slow if geopolitical tensions ease.
Rupee sinks to fresh record low amid dollar outflows and crude surge
The rupee fell to a new closing low of 96.83 against the dollar as persistent foreign institutional investor outflows, rising crude oil prices, and global risk aversion weighed heavily on sentiment. Market experts warn of further weakness amid geopolitical tensions and continued capital flight.
Rupee hits record low near 97 vs USD on oil, US Treasury yield strain
The Indian rupee hit a record low against the dollar as elevated oil prices, driven by stalled U.S.-Iran peace talks, fueled fears of further central bank rate hikes. The currency's decline has been exacerbated by weak capital flows and rising bond yields, raising concerns about India's balance of payments deficit.
Global funds ready for further Rupee weakness with 100 in sight
Global investors anticipate further depreciation of the Indian rupee, with some projecting a fall to 100 per dollar. This outlook is driven by rising oil import costs due to the US-Iran conflict and investor preference for the greenback. The rupee's decline has already eroded local gains for foreign funds, prompting concerns about potential central bank intervention.
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