Overview
- The dollar index reached a multi‑week high as Treasury yields rose and markets pushed back the likely timing of the next Fed rate cut.
- Brent and WTI jumped by up to about 13% after attacks and shipping disruptions near the Strait of Hormuz, with Qatar halting LNG production as a precaution.
- The Indian rupee fell roughly 41–50 paise to about 91.47–91.49 per dollar, and traders reported RBI operations via state banks and forwards to smooth volatility.
- Indian equities slid, with the Sensex down 1,048 points and foreign investors selling about Rs 3,296 crore of shares.
- The yen and euro weakened on energy exposure, Japan’s finance minister flagged possible intervention, and Pakistan’s rupee posted a small interbank gain to 279.46.