Iran’s central bank says it has received transit fees for ships moving through the Strait of Hormuz, with the amount reportedly deposited in cash. Iran’s deputy parliament speaker called the tolls a legitimate charge for use of Iranian territorial waters and warned of consequences if the US continues what he described as aggressive policies.
Indian government bonds logged their strongest week in more than six years after a fragile US Iran truce helped cool oil prices. With inflation pressure easing and sentiment supported by a neutral central bank stance, yields moved favorably, driving the rally into Friday and marking the best weekly performance in over six and a half years.
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The Indian rupee weakened in step with other oil sensitive Asian currencies, as traders reacted to currency volatility tied to energy price sensitivity. With downside pressure building, expectations are rising that the central bank may step in to stabilise moves and support the rupee in the near term.
Russia’s central bank has already sold about 21.8 tonnes of gold in 2026, or roughly 22,000 kilograms, according to a Kitco report citing regional reporting. The move is linked to a widening budget deficit, reported at $61.2 billion by end-March, as Moscow seeks funds amid mounting fiscal pressure.
India and the central bank are reportedly in talks with Ant International to integrate UPI with Alipay+ for smoother cross-border payments. The plan would allow Indian travelers abroad to use UPI at merchants that are connected to Alipay+, reducing friction and improving payment convenience overseas. Sources say this could mark a major step for international usability of UPI.
Indian government bonds finished nearly unchanged as investors looked ahead to the central bank’s decision the next day. Markets expect policy to be less hawkish, but positioning is complicated by fresh geopolitical news tied to the Middle East conflict and a wider Trump-related deadline. The result: cautious trading and muted price action across the curve.
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