The Indian rupee recorded its strongest single-day rally in over a month on Tuesday, surging by nearly ₹0.78 as global crude oil prices dropped sharply following a ceasefire agreement between Iran and Israel. The relief in energy markets and improved investor sentiment pushed the rupee to close

The International Monetary Fund has issued a stern warning over the potential impact of escalating U.S.-Iran tensions on the global economy. Following the recent U.S. airstrikes on Iranian nuclear facilities, IMF Managing Director Kristalina Georgieva highlighted that heightened geopolitical risks could disrupt energy markets and significantly hinder global growth. The IMF