IBTimes

The currency touched an all-time low of 95.07 and slipped further to around 95.20 during the session. The fall was also influenced by hawkish signals from the US Federal Reserve, which supported the dollar and pushed US bond yields higher, despite keeping interest rates unchanged.

Bengaluru has emerged as India's top Global Capability Centre (GCC) leadership hub with over 15,000 active leaders, according to a Xpheno Research report. The city shows strong leadership density, high retention, and positive talent movement, making it a preferred destination for global enterprises.

rupee weakened by 13 paise to 94.81 against the US dollar, pressured by rising global crude oil prices above 111 dollars per barrel and ongoing US-Iran tensions. Month-end dollar demand and safe-haven buying further weighed on the local currency. The dollar index rose marginally to 98.67.

Jeet Adani announced that the Adani Group will invest $100 billion to build large-scale infrastructure to support India's AI growth, emphasising that affordable and scalable AI depends on strong energy and digital systems.

United Arab Emirates announced it will leave OPEC effective May 1, state-run WAM reported. The decision reflects its long-term strategic and economic vision, evolving energy profile and accelerated domestic energy investment, and commitment to a responsible global energy role.

While the market indices remained muted on Tuesday, the stock of Adani Total Gas surged over 7.5 percent on the bourses, a day after reporting strong financials in the fourth quarter of the last financial year.

India's strong growth hides structural issues like weak job creation and low productivity. With growth turning capital-intensive, reforms and investment in jobs and human capital are crucial for sustainable progress.