Business

May 8, 2026 6:10 PM

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India’s forex reserves fall by $7.7 billion to $690 billion: RBI

India’s foreign exchange reserves declined by 7.7 billion US dollars, standing at 690 billion US dollars for the week ending May 1. According to the Reserve Bank of India, Gold reserves fell by 5 billion US dollars to 115 billion US dollars. Foreign currency assets, the largest component of the rese...

May 8, 2026 6:06 PM

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Crude oil prices edge higher

Global crude oil prices rose marginally today. A day after renewed fighting near the Strait of Hormuz raised fresh concerns over the ceasefire between the United States and Iran. Brent crude was trading 0.6 per cent up at 100 US dollars and 68 cents per barrel, while West Texas Intermediate crude wa...

May 8, 2026 5:53 PM

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Mixed trend in Asian stock market indices, Japan’s Nikkei slips 0.2%

Most Asian stock market indices ended on a mixed note today. Hong Kong’s Hang Seng Index lost nearly 0.9 per cent, Singapore’s Straits Times Index dropped 0.4 per cent, and Japan’s Nikkei 225 dipped 0.2 per cent. However, China's Shanghai Composite index remained unchanged, and South Korea’s Kospi i...

May 8, 2026 6:05 PM

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Sensex, Nifty decline over 0.6%

Benchmark domestic equity indices declined over 0.6 per cent today as renewed hostilities between the United States and Iran strained a fragile ceasefire and rattled investor sentiment.   The Sensex slipped 516 points to close at 77 thousand and 328, and the Nifty lost 151 points to settle at 24 tho...

May 7, 2026 6:25 PM

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Global crude oil prices drop on prospects of US-Iran peace deal

Global crude oil prices extended declines today amid hopes that the United States and Iran were nearing a peace deal. Brent crude was trading 3.3% down at 97 US dollars and 88 cents per barrel, while West Texas Intermediate crude was also trading 3.7% lower at 91 US dollars and 53 cents per barrel w...

May 7, 2026 6:20 PM

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Asian markets edge up amid strong earnings and declining oil costs

Major Asian stock market indices edged higher today, tracking overnight gains on Wall Street after a drop in oil prices and strong corporate earnings boosted investor sentiment. Japan’s Nikkei 225 surged nearly 5.6% to close at a record high of 62,834 after briefly crossing the 63,000 mark during in...

May 7, 2026 6:16 PM

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Forex update: Indian rupee gains 36 paise against US dollar

In the forex market today, the rupee appreciated by 36 paise to close at 94 rupees and 24 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trading at 97.89 in intraday trade.                                 ...

May 6, 2026 9:29 PM

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Oil prices decline

  Global crude oil prices extended declines today amid hopes that United States and Iran were nearing an initial peace deal. Brent crude was trading around 6.3 per cent down at 102 US dollars and 99 cents per barrel, while West Texas Intermediate crude was also trading over 7.4 per cent lower at 94 ...

May 6, 2026 7:54 PM

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Rupee appreciates by 68 paise against US dollar

  In the forex market today, the rupee appreciated by 68 paise to close at 94 rupees and 61 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 97.73 in intra-day trade.    

May 6, 2026 7:51 PM

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Gold, Silver prices up

  In the Indian bullion market, 24 Carat Gold was trading around 1.6 per cent up at 1 lakh 52 thousand 700 rupees per 10 grams, while Silver was trading 3.3 per cent higher at 2 lakh 52 thousand 800 rupees per kilogram, a short while ago.  At the Multi Commodity Exchange, gold for June contract was ...