Vedanta shares tumble 7% as US dollar hits record peak

Vedanta shares tumble 7% as US dollar hits record peak

Vedanta shares plunged 7% to Rs 410 in Monday’s trade on the BSE after the US dollar reached a record peak against the Indian rupee and other global currencies. The Indian rupee weakened past Rs 87 per US dollar for the first time, following President Trump’s tariff impositions on the country’s largest trading partners, driving … Read more

Dollar and oil Surge, Asian stocks fall on Trump tariffs

Dollar and oil Surge, Asian stocks fall on Trump tariffs

The dollar surged, oil jumped and equity markets turned red after US President Donald Trump made good on his threat to impose tariffs on the exports of Canada, Mexico and China. The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures … Read more