ZisNews - Breaking News & Updates

THe amerind rupee weakened to an all-time depression on fri, as oil color prices neared $110 per drum, intensifying economic challenges for the world's third-biggest crude importer, with strains emerging in key indicators.The rupee fell 0.4% to 96.1350 per US dollar, eclipsing its previous all-time low of 95.9575 hit in the previous session.ALSO READ | India's wholesale inflation surges to 8.3% on oil shock, weak rupeeThe rupee ended the session at 95.9650, down 1.5% week-on-week.The currency has declined over 6% year-to-date and is Asia's worst-performing unit, battered by persistent capital outflows and worries over the balance of payments strain as the Iran war keeps energy prices on the boil.Brent crude futures rose over 3% to $109 per barrel on Friday, heightening worries over global inflation and sending bond yields higher on rising expectations of interest rate hikes this year."The longer the conflict dragged on, the more the effects would manifest in the form of higher inflation, weaker economic growth, and a deterioration in external balances especially for large net energy importers," Khoon Goh, head of Asia Research at ANZ, said in a note."Central banks in the region might be forced to tighten policy in response to the inflation shock as well as to stabilise exchange rates," the note said.Asian currencies were down between 0.3% and 0.8%, while regional stocks slumped more than 2%.ALSO READ | Why has India hiked custom duties on gold, silver and other precious metals?Data signal strainData on Friday showed that India's merchandise trade deficit widened to $28.38 billion in April, as the Middle East conflict hindered shipments and disrupted energy imports, making them costlier. India imports more than 80% of its crude oil needs and 60% of its cooking gas.The trade data followed figures showing India's wholesale inflation quickened to a three-and-a-half-year high in April.Following modest retail fuel price hikes on Friday, economists at Goldman Sachs expect India's consumer inflation to average around 4% in May and forecast two 25-basis-point rate hikes in October and December.India's 10-year bond yield rose to an over five-week high of 7.07%, up 9 bps this week, while the benchmark equity index Nifty 50 declined over 2% week-on-week.

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

Indian rupee hits all-time low, slips past 96 per dollar amid oil price surge

Global News Perspectives

Customizable News Feed

Like or Comment on News

Download the Android App

Diverse News Categories

Category News

Country News