Rupee tumbles 55 paise to 86.07 against US dollar on oil spike, Israel-Iran conflict jolts markets; foreign fund outflows deepen

The rupee plunged 55 paise to close at 86.07 against the US dollar on Friday, its sharpest single-day fall in over three months, as a surge in global crude oil prices and heightened geopolitical tensions rattled investor sentiment.The currency, which opened weaker at 86.25, briefly recovered to an intraday high of 85.92 but ended the…

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US stock markets today: Wall Street opens lower amid Iran-Israel conflict, Dow drops over 650 points, Nasdaq and S&P 500 follow suit

The US stock market opened sharply lower on Friday as investors reacted to a surge in oil prices and rising bond yields after Israel launched a wave of airstrikes on Iran, escalating Middle East tensions.The Dow Jones Industrial Average dropped over 480 points, down 1.12%, while the Nasdaq and S&P 500 also slipped, pressured by…

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India, 18 others abstain; 149 back UN resolution for Gaza ceasefire | India News

Representative image (Photo: IANS) A UN general assembly (UNGA) resolution seeking an immediate, unconditional and lasting ceasefire in Gaza was adopted with overwhelming support, as 149 countries voted in favour. India was among the 19 that abstained, even as key American allies like the UK, Australia and Japan voted in favour.The US, Israel and 10…

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Will do what is right: Tata chairman to employees after deadly Air India crash; ‘Will be completely transparent’ | India News

NEW DELHI: Tata Group chairman N Chandrasekaran on Friday affirmed that the group will remain committed to doing what is right, even in the face of tragedy, as the company grapples with one of India’s worst aviation tragedies.He said that the Tata group was build on trust and care. “It is a difficult moment, but…

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Air India plane crash: Publish Boeing report immediately, says whistleblower’s lawyer to US Federal Aviation Administration | India News

LONDON: Attorneys for Boeing whistleblower Sam Salehpour have written to the Federal Aviation Administration urging it to immediately release its findings on structural defects alleged by Salehpour regarding Boeing’s 787 aircraft in light of the Air India crash in Ahmedabad.Boeing quality engineer Salehpour had, in early 2024 alleged serious quality issues with Boeing’s 787 and…

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US consumer sentiment jumps for first time in 2025, says UMich report; tariff pause and steady prices lift confidence

US consumer sentiment improved in June for the first time in six months, according to preliminary data released Friday by the University of Michigan, offering signs of economic stabilization as inflation remains subdued and trade tensions with China temporarily ease.The university’s closely watched Consumer Sentiment Index jumped to 60.5 in June from 52.2 in May…

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