Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Gold Prices Rise as Yen Rally Weakens Dollar 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
China to Inject $45 Billion Into State Financial Institutions 
China Inflation Accelerates in August as CPI, PPI Rise 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
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The Indian rupee is expected to remain under pressure this week as steep U.S. tariffs on Indian exports and the Reserve Bank of India’s (RBI) upcoming policy decision weigh on sentiment. The rupee closed at 87.54 per U.S. dollar on Friday, down 1.2% for the week, marking its weakest level since February. Persistent foreign portfolio outflows and a 25% levy on Indian exports have added to the decline, while fresh U.S. tariff announcements on dozens of trading partners pushed other Asian currencies to multi-month lows.
The U.S. dollar index recorded its strongest weekly gain since 2022 as expectations for a September Fed rate cut faded. However, weaker-than-expected U.S. jobs data and a rise in unemployment to 4.2% revived market bets, with odds of a cut now at 80%.
Investors are also eyeing the maturity of a $5 billion RBI dollar-rupee swap on Monday. Analysts, including Alok Singh of CSB Bank, expect the RBI to manage liquidity without excessive volatility, with the rupee likely to trade between 87.00 and 87.80.
India’s 10-year benchmark bond yield ended last week at 6.368%, up 2 bps, and is expected to stay within 6.33%–6.38% until Wednesday’s policy decision. While some anticipate a 25-bps cut due to June’s six-year-low retail inflation and expectations of a further drop in July, most economists expect no change after the RBI’s surprise 50-bps cut in June and its shift to a neutral stance.
Key upcoming events include India’s July HSBC services PMI and composite PMI on August 5, and the RBI policy decision on August 6. U.S. data releases this week—covering factory orders, trade figures, and PMIs—could also influence market sentiment and currency movements.
