Rupee slumped 69 paise to an all-time low of 92.18 against the US dollar in early trade on Wednesday, as a sharp spike in crude oil prices amid geopolitical tensions following the escalation of the US-Iran conflict weighed on investor sentiment.
This comes as people in Iran continue to protest against rising prices and economic hardship pouring into the streets across several provinces in Iran, with some protests escalating into fatal confrontations with security forces, CNN reported.
The US torpedo attack on the Iranian warship IRIS Dena in international waters was a lawful act of war between belligerents, not a diplomatic or strategic embarrassment for India, asserts Vice Admiral Biswajit Dasgupta (retd).
The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.
The ECB cancelled the England Lions vs Pakistan Shaheens match in Abu Dhabi and postponed the England Women's training camp after US and Israeli strikes on Iran triggered missile fire across the Gulf and airspace closures.
Sonia Gandhi has criticised the Modi government's silence on the assassination of Iran's Supreme Leader, arguing it raises doubts about India's foreign policy direction and credibility.
The Congress has strongly criticised the US government's temporary waiver allowing India to purchase Russian oil, raising concerns about continued 'American blackmail' and its impact on India's energy policy.
SpiceJet will operate 14 special flights from the UAE on Friday to bring passengers who have been stranded due to the Middle East conflict.
Amid rising tensions in West Asia following a series of strikes and counter-strikes, the United States Embassy in Muscat on Tuesday instructed its staff to shelter in place.
Following reports of Ayatollah Ali Khamenei's death, widespread protests erupted in Kashmir, with demonstrators expressing strong anti-US and anti-Israel sentiments.
Prime Minister Narendra Modi and French President Emmanuel Macron discussed the escalating situation in West Asia, emphasising the need for dialogue and diplomacy to restore peace and stability in the region.
P V Sindhu has returned to India after being stranded in Dubai due to airspace closures in the Gulf region, forcing her withdrawal from the All England Championships.
The Indian Embassy in Riyadh has confirmed that an Indian national was injured but no fatalities occurred in a projectile incident in Saudi Arabia. The injured individual is receiving treatment at a government hospital.
Benchmark indices Sensex and Nifty experienced a significant decline, falling over 1 per cent due to foreign fund outflows and global uncertainties.
An Iranian missile strike targeted the town of Beit Shemesh, located west of Jerusalem, resulting in significant casualties and structural devastation, as reported by Al Jazeera. The strike caused extensive damage earlier Sunday to several buildings, with one structure completely collapsing under the impact.
Indian refiners are negotiating for additional crude cargoes from the US, Russia, and West Africa to ensure adequate supplies amid Middle East tensions. Refineries are maintaining normal processing rates and deferring maintenance to build reserves. The move comes as conflict impacts tanker movements through the Strait of Hormuz, a key energy transit route.
Karnataka Chief Minister Siddaramaiah has assured the safety of Kannadigas residing in the Middle East amid escalating conflict, directing officials to take proactive measures and operationalize a dedicated helpline.
An Indian national was killed in Saudi Arabia after a projectile struck a residential area in Al-Kharj Governorate. The incident also resulted in the death of a Bangladeshi national and injuries to twelve others.
India granted emergency docking to an Iranian ship, IRIS Lavan, in Kochi due to technical issues, accommodating its crew amidst regional naval activity and tensions.
Lieutenant Governor Manoj Sinha reviewed the security situation in Jammu and Kashmir in a meeting with top security officials following protests against the killing of Iran's Supreme Leader Ayatollah Ali Khamenei.
Qatar, India's largest supplier of imported natural gas, has declared force majeure on deliveries following a halt in production in the wake of an Iranian drone strike -- a disruption that has led to a cut in supplies to Indian industry by up to 40 per cent, sources said.
Precious metal prices, particularly gold and silver, experienced a significant surge in the national capital as investors sought safe-haven assets amid escalating hostilities in the Middle East.
Paris Saint-Germain president Nasser Al-Khelaifi has been stranded in Qatar for over a week due to the ongoing conflict in the Middle East, impacting flights and travel across the region.
Protests erupted in Kashmir following the killing of Iran's Supreme Leader Ayatollah Ali Khamenei, leading to restrictions on movement and mobile internet speeds.
Amidst escalating regional tensions, Sri Lanka is carefully considering its response after a second Iranian ship requested entry into its waters following a reported US submarine attack on an Iranian frigate near Galle.
Amidst rising tensions in the Middle East, an Iranian drone struck a British RAF base in Cyprus, prompting the UK to allow US defensive operations and consider evacuation plans for British citizens in the region.
An Indian national was killed in an attack on an oil tanker off the coast of Oman. The tanker was struck by an explosive-laden unmanned boat, resulting in a fire and explosion.
Indian equity investors experienced a significant loss of 16.32 lakh crore due to a two-day stock market decline fueled by escalating geopolitical tensions involving the US, Israel, and Iran.
The Kremlin has announced it will not disclose data on crude oil exports to India, citing concerns about 'ill-wishers'. This decision follows reports of increased Russian oil supplies to India and China amid geopolitical tensions.
Prime Minister Narendra Modi spoke with leaders from Oman, Kuwait, and Qatar, expressing concern over attacks in West Asia and discussing the safety of the Indian community.
Indians returning from the Middle East share their experiences of fear and uncertainty as the conflict between the US, Israel, and Iran disrupts travel and daily life, leaving many stranded and facing financial strain.
US President Donald Trump welcomed Lionel Messi and his Inter Miami team to the White House on Thursday as he boasted about the United States' ongoing operation in Iran.
The escalating conflict in West Asia widened on Monday as Israel launched airstrikes on Hezbollah targets in Beirut and other parts of Lebanon, following projectile fire from Lebanese territory into northern Israel. The Israeli Air Force (IAF) said in a series of posts on X that it carried out targeted strikes against senior members of Hezbollah in the Beirut area in response to the projectile fire launched toward Israel, particularly toward the north of the country.
Even as the benchmark and broader indices were down sharply on Monday due to escalating tensions in West Asia, the Nifty Defence index ended the session in the green.
AICC President Mallikarjun Kharge criticised Prime Minister Narendra Modi's relationship with US President Donald Trump, alleging that Modi is acting as Trump's 'slave' and jeopardising India's interests on trade, oil and foreign policy.
Sri Lanka will repatriate the bodies of Iranian sailors killed on the IRIS Dena, which was reportedly sunk by a US submarine. The government is also addressing potential impacts on food security and fuel supplies due to the war situation.
Indian benchmark equity indices Sensex and Nifty experienced a significant crash in early trade, triggered by a sharp increase in crude oil prices and escalating tensions in the Middle East.
Educational institutions in Kashmir reopened on Monday after a week-long closure due to protests over the death of Iran's Supreme Leader Ayatollah Ali Khamenei.
Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.
The two policemen were injured by "hard and blunt instruments", while "two protesters with firearm injuries" were also brought to JPMC, the surgeon told Dawn.
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