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- 1Rupee and bonds at risk as Iran oil diplomacy hopes fade▼Indian rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopes
The Indian rupee and government bonds face renewed pressure as diplomatic efforts over Iran's nuclear programme lose momentum, raising the risk of higher oil prices. Crude import bills are a key driver of India's currency and debt markets, so any escalation that pushes oil upward would widen India's trade deficit and weigh on asset prices.
- 2Protests in Ujjain over demolition of historic mosque●Hundreds of Muslims have gathered in the Indian city of Ujjain to protest the partial demolition of a mosque they say is
Hundreds of Muslims have gathered in the Indian city of Ujjain to protest the partial demolition of a mosque they say is more than 600 years old. The BJP-led state government says the demolition is needed to widen roads ahead of a major Hindu pilgrimage expected in 2028. Demonstrators and rights groups view the action as an attack on the country's Muslim heritage, while officials defend it as necessary infrastructure work.
- 3India central bank completes 1 trillion rupee net debt sale●India central bank completes 1 trillion rupee net debt sale for first time in a decade
The Reserve Bank of India has completed net sales of government debt totalling 1 trillion rupees, the first time it has reached that figure in a decade. The scale of the central bank's selling marks a notable shift in management of India's bond market and liquidity, drawing attention from investors tracking the country's debt markets and interest rate outlook.