The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.
Indian stock markets tumbled sharply with the Sensex falling 800 points and nearly 4 lakh crore wiped out in a single session. Here are the 6 key factors, including rupee weakness and global cues, behind the crash.
The Indian rupee weakened against the US dollar due to sustained foreign fund outflows and uncertainties in West Asia, although lower crude oil prices and a positive opening in domestic equity markets limited the losses.
Italy has denied the United States the use of the Sigonella military base for flights heading to West Asia, citing a lack of consultation and concerns over the nature of the flights. This decision reflects Italy's stance on avoiding escalation in the region, as Prime Minister Giorgia Meloni's government emphasises its desire to stay out of war.
Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.
The Federal Communications Commission (FCC) is considering proposals to encourage businesses to bring call centre jobs back to the US and require call-takers to be proficient in American Standard English.
A hotel in Navi Mumbai is under investigation for allegedly failing to report details of Turkish guests to the police, violating regulations.
The Directorate of Revenue Intelligence (DRI) has successfully intercepted and seized 512 kg of red sanders at Cochin Port, preventing its illegal export to China. The red sanders were concealed within a consignment declared as rubber core veneer.
Delhi Police have arrested a suspected Lashkar-e-Taiba (LeT) handler, Shabir Ahmed Lone, from the Ghazipur area. He is believed to have links with Pakistan's ISI and was allegedly involved in a terror module planning attacks in India.
Indian stock markets tumbled sharply with the Sensex falling 800 points and nearly 4 lakh crore wiped out in a single session. Here are the 6 key factors, including rupee weakness and global cues, behind the crash.
Benchmark indices Sensex and Nifty tumbled in early trade on Friday after a two-day rally, tracking a weak trend in global peers, as the US-Iran conflict continues to be a key overhang for the markets. Track Sensex, Nifty50 movement and key market drivers for March 27, 2026.
Economist Jeffrey Sachs saw Gulf nations' decision to partner with the US through the Abraham Accords as an "invitation for disaster" as it made them more dependent on American protection.
Indian benchmark indices Sensex and Nifty experienced a sharp decline in early trading due to escalating tensions in the Middle East, driving crude oil prices higher. Global market bearishness and foreign fund outflows further contributed to investor unease.
Telangana police have dismantled a large network operating illegal mule bank accounts used for fraudulent financial transactions, arresting 13 suspects and uncovering transactions worth approximately Rs 138 crore.
Indian trap shooters are aiming for a better performance at the ISSF Shotgun World Cup in Tangier after a disappointing showing from the skeet team. Key athletes like Bhowneesh Mendiratta, Prithviraj Tondaiman, and Kynan Chenai are set to compete.
India's foreign exchange reserves decreased by USD 7.052 billion to USD 709.759 billion in the week ending March 13, according to the Reserve Bank of India (RBI). This decline follows a previous drop and comes after reserves reached an all-time high in February.
Delhi Police have dismantled an international arms smuggling ring with links to Pakistan, Nepal, and Bangladesh, arresting 10 individuals and seizing a cache of sophisticated foreign-made weapons.
The Indian rupee weakened against the US dollar due to a strengthening dollar, high crude oil prices, and foreign fund outflows amid geopolitical uncertainties.
Delhi Police have arrested a suspected Lashkar-e-Taiba (LeT) handler, Shabir Ahmed Lone, in Delhi, uncovering a terror module with links to Pakistan's ISI. Lone is accused of running a network involved in pasting anti-national posters and planning terror activities across India.
Goldman Sachs has materially lowered its earnings growth forecast for Indian companies by a cumulative 9 percentage points over the next two years.
'Pakistan has pitched Islamabad as a possible venue for talks as early as this week involving senior figures from the Trump administration and Iran,' the Financial Times reported.
Rajasthan Police have dismantled a criminal network involved in the creation and distribution of fraudulent Foreign Medical Graduate Examination (FMGE) certificates, leading to the arrest of 18 individuals, including a former registrar of the state medical council.
Donald Trump's inconsistent statements and actions regarding the conflict with Iran have drawn criticism and confusion, raising questions about American credibility and the direction of US foreign policy.
Uttar Pradesh Police have dismantled an illegal kidney transplant racket operating in Kanpur, arresting five doctors and the alleged ringleader. The investigation revealed a network exploiting vulnerable individuals for profit, with potential links to other major cities and even international connections.
Pakistan's Prime Minister Shehbaz Sharif has engaged in extensive diplomatic efforts to de-escalate the conflict in West Asia, offering to host talks between the US and Iran and engaging with leaders from Saudi Arabia, Qatar, Malaysia, the UK, China, and the European Union.
Pakistan's Prime Minister Shehbaz Sharif has offered to mediate between the US and Iran to de-escalate the ongoing conflict in West Asia, following a joint US-Israel attack on Iran. Sharif has been in contact with Saudi Arabia, the UAE, and other nations to promote dialogue and diplomacy.
Analysts predict that developments in West Asia and their impact on crude oil prices will heavily influence investor sentiment in the upcoming week. Global market trends, foreign investor activity, and rupee-dollar movement will also play a role.
The Punjab Police's Counter-Intelligence unit in Amritsar has dismantled a drug smuggling module, arresting two individuals and seizing 5 kg of heroin. Investigations reveal links to a Pakistan-based smuggler and a foreign handler.
Congress leader Rahul Gandhi intensified the UDF's campaign for the Kerala polls, accusing the CPI(M) of stealing gold from the Sabarimala temple and questioning PM Modi's silence on the issue. He also addressed concerns about rubber prices and the FCRA amendments.
Police in Kanpur, Uttar Pradesh, have identified additional suspects in an illegal kidney transplant racket involving multiple private hospitals, following the arrest of five doctors and the alleged kingpin.
The CBI has arrested two directors of a Meerut-based company allegedly involved in a cyber fraud scheme using bulk SIM cards and SIM Box technology.
Finance Minister Nirmala Sitharaman on Sunday proposed a six-month foreign asset disclosure scheme for small taxpayers like students, tech professionals and relocated NRIs as she presented the Union Budget 2026-27.
Delhi Capitals captain Axar Patel has said the team plans to use star batter K L Rahul as an opener in the 2026 Indian Premier League, bringing him back to a role where he has performed strongly in the past.
The escalating conflict in West Asia has resulted in 19 ships carrying essential energy resources for India being stranded in the Strait of Hormuz, raising concerns about potential disruptions to the country's energy supply.
Indian trap shooters Bhowneesh Mendiratta and Kynan Chenai performed well on the first day of the ISSF Shotgun World Cup, putting themselves in contention for the finals. Other Indian shooters had mixed results.
Araghchi remarked that US messaging currently echoes the Vietnam War-era "Five O'Clock Follies," suggesting a systematic misrepresentation of military progress.
Domestic institutional investors, on the other hand, made a net investment of Rs 1.13 trillion during this period.
In an official statement, the embassy criticised remarks by the Russian foreign ministry, alleging that Moscow was attempting to manipulate information and interfere in India's internal processes.
Bengaluru police have arrested five individuals for allegedly trafficking MDMA and ganja in various parts of the city. The operation resulted in the seizure of drugs and other items worth 5.77 crore.
The Indian rupee weakened to a record intra-day low against the US dollar due to a strengthening greenback, continuous foreign capital outflows, and elevated global crude oil prices amidst the West Asia conflict.
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