The Indian rupee fell 41 paise to close at 84.56 against the U.S. dollar on Thursday, extending its recent slide as pressure builds on India's external accounts. Forex traders said the currency has already weakened sharply, pricing in a likely widening of the Current Account Deficit and volatile capital flows. The Current Account Deficit measures how much more India pays to the rest of the world than it receives, a wider gap typically puts downward pressure on the rupee. Traders are watching whether foreign investors continue pulling money out of Indian markets, since sustained outflows reduce dollar supply and push the rupee lower. A weaker rupee raises the cost of imports, especially oil, which India buys in dollars, and can feed into broader inflation. The pace of any further slide will depend on how capital flows stabilize and whether the Reserve Bank of India steps in to support the currency.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
