Mumbai, April 12 (IANS) The Indian stock markets witnessed a strong rebound last week after six consecutive weeks of decline, supported by favourable global cues, according to analysts.Sentiment remained buoyant amid optimism surrounding a temporary US–Iran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed. “The rally was further aided by a stable domestic macro backdrop, with broader markets outperforming the benchmarks. Despite elevate…
Latest US-Iran ceasefire News & Updates
New Delhi, April 10 (IANS) The Indian rupee opened nearly 10 paise higher on Friday as the Reserve Bank of India’s (RBI) deadline for banks to unwind their arbitrage positions approached, while traders also tracked rising crude oil prices amid uncertainty over the US-Iran ceasefire.The rupee was trading at 92.57 against the US dollar in early trade, compared to its previous close of 92.66.April 10 is the deadline for banks to unwind excessive positions in the offshore non-deliverable forwards …