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The Indian rupee hit a three-month low of 86.89 against the dollar due to concerns over the Iran-Israel conflict and rising oil prices, settling slightly higher at 86.72 following suspected RBI intervention. Elevated Brent crude prices at $77 a barrel are adding pressure, with traders anticipating continued rupee weakness amid Middle East tensions and cautious exporter hedging.
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News and Media
Mid-cap and small-cap stocks, which had recently outperformed, experienced declines as investors grew concerned about high valuations. Profit-taking occurred after significant gains in May, with indices falling. Despite potential further declines, analysts suggest buying quality stocks during dips, as domestic liquidity and limited global impact offer optimism.
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News and Media
Some segments of the U.S. restaurant industry don't support President Donald Trumps proposal to eliminate federal taxes on tips, saying it would help too few people and obscure bigger issues in the way tipped workers are paid.
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News and Media
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