The Indian rupee is likely to remain closely linked to foreign fund flows and crude prices this week. The return of FPIs to Indian equities has provided support to the domestic currency, while uncertainty over energy prices remains a potential source of pressure.

Indian equities are heading into Friday’s session with a positive bias after the RBI kept the repo rate unchanged at 5.25% and maintained its neutral policy stance.

Diplomatic efforts surrounding the Iran conflict are gaining attention after Tehran indicated that discussions with Oman over arrangements for reopening the Strait of Hormuz were nearing completion.

Gold prices in India have moved higher during August, with the latest data showing 24-carat gold around Rs. 1.49 lakh per 10 grams and 22-carat gold near Rs. 1.36 lakh. Gold’s recent strength comes as investors continue to assess geopolitical risks, currency movements and the global interest-rate outlook.

Infrastructure company NCC started FY27 with a rise in quarterly revenue. Consolidated revenue increased around 12.2% YoY to Rs. 4,912 cr., while EBITDA rose 12.4% to Rs. 443 cr. EBITDA margin improved slightly to 9.01%. However, consolidated net profit declined 1.6% to Rs. 187 cr. from Rs. 190 cr. a year earlier.

Indian benchmark indices are expected to open on a positive note after the Reserve Bank of India kept the repo rate unchanged at 5.25% and raised its FY27 economic growth forecast.

Crude oil prices continued to trade below US$80 per barrel after optimism grew over possible progress in negotiations involving the United States and Iran. Expectations that tensions in West Asia could ease have reduced concerns over disruptions to oil supplies through the Strait of Hormuz, one of the world’s busiest energy corridors.

Gold prices remained elevated even as hopes of a diplomatic breakthrough in the Middle East improved investor sentiment.

Indian benchmark indices turned lower on Tuesday as investors booked some profits following Monday’s sharp gains and remained cautious ahead of the Reserve Bank of India’s monetary-policy decision. The Nifty 50 fell 0.64% to 24,614.90, while the Sensex declined 0.27% to 78,428.95. Financial and IT stocks were among the major drags.

The US-Iran conflict remains a major global-market focus, although diplomatic efforts have provided some hope of de-escalation. Qatar said mediators were making progress in efforts to end the conflict, while discussions have centred on arrangements that could eventually help restore safe passage through the strategically important Strait of Hormuz. The Strait is crucial for global […]