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...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

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...Read More

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The White House cautioned staff against using their positions for futures market bets following a pause in Iran strikes. This comes amid scrutiny over well-timed bets preceding major policy decisions, raising questions about potential information leaks. A significant bet on oil futures preceded a delay in attacks on Iran’s energy infrastructure, after which oil prices...Read More

Oil prices climbed Friday following attacks on Saudi energy infrastructure and concerns over the Strait of Hormuz closure. Despite a U.S.-Iran ceasefire, fighting persists, with markets closely watching tanker flows. Attacks have significantly impacted Saudi output and refining capacity, creating a measurable supply shock.Read More

Indian banks have largely exited their net open foreign exchange positions ahead of a regulatory deadline, reducing aggregate positions from $40 billion to an estimated $4-7 billion. This move, aimed at complying with central bank curbs, is expected to see the rupee trade in the 93/$ to 94.50/$ range with a depreciating bias.Read More

Sun Pharma is moving forward with a $12 billion offer for Organon & Co. This acquisition would be the largest for an Indian pharma company. Sun Pharma is finalizing financing for the deal. Organon specializes in women’s health. The company is also facing competition from other global consortiums. This move signifies Sun Pharma’s ambition to...Read More

Oil prices edged up and Asian stocks saw a modest gain as investors remained cautious amid a shaky Middle East ceasefire ahead of US-Iran talks. President Trump threatened Tehran over vessel fees for the Strait of Hormuz, while technology shares rallied. Market sentiment hinges on the ceasefire’s durability and smooth oil flows.Read More

TCS reported a 12% net profit rise to ₹13,718 crore in Q4, exceeding expectations despite a 2.4% annual revenue decline in constant currency terms for FY26. The company saw strong AI revenue growth, crossing $2.3 billion, and secured significant deal wins, signaling a potential turnaround amidst cautious optimism.Read More