Indian stock markets surged on Friday, with Sensex and Nifty climbing approximately 0.7%. This rise, adding over Rs 4 lakh crore to market capitalization, was fueled by optimism surrounding a potential Iran-US ceasefire and other positive developments. Both indices saw significant gains in early trading.Read More
The US dollar is experiencing its biggest weekly fall since January. Other currencies are strengthening as a Gulf ceasefire appears to be holding. Oil shipping is expected to resume. Markets are watching US-Iran talks in Islamabad for direction. The dollar had been a safe haven during the conflict. Now, as risks fade, investors are selling the dollar.Read More
Gold prices dipped slightly on Friday due to a stronger dollar, yet are poised for a third consecutive weekly gain. Renewed optimism for a U.S.-Iran ceasefire has eased inflation fears and expectations of further U.S. interest rate hikes, offering support to the precious metal despite lingering geopolitical risks.Read More
Banks have largely exited Indian rupee arbitrage trades, complying with the Reserve Bank of India’s $100 million net open position limit. These measures, aimed at curbing FX market volatility, were implemented by April 10. Market participants estimate around $40 billion in arbitrage positions have been unwound, with recent price action indicating the completion of these exits.Read More
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