RBI steps up support for rupee, bonds as oil swings

India’s central bank is stepping up its market interventions. Rising crude oil prices are fueling inflation concerns and pressuring government finances. The Reserve Bank of India is buying dollars to support the rupee and bonds to manage borrowing costs. Analysts expect these actions to continue as the geopolitical situation unfolds.

Aluminium slides as Trump vows quick Mideast war resolution

Aluminium prices retreated on Tuesday as investors cashed in profits following U.S. President Donald Trump’s pledge for a swift end to the Middle East conflict. This eased supply concerns, leading to a significant drop in both Shanghai and London Metal Exchange contracts. Despite the current dip, analysts note aluminium remains vulnerable to renewed price surges on any regional supply shock.

Vedanta plans Rs 3,000 crore bond sale next week

Vedanta Ltd is set to raise approximately ₹3,000 crore through a domestic bond issuance early next week to refinance upcoming obligations and bolster liquidity. The three-year and five-year non-convertible debentures are expected to offer coupons around 8.75% and 9% respectively.