The Indian rupee hit a fresh all-time low, opening at 95.01 per US dollar and sliding further to 95.2475, a drop of roughly 17 paise from the previous close. The move pushes the currency into new record-weak territory against the dollar. The 10-year benchmark government bond yield also hardened beyond 7%, signalling that debt markets are pricing in added risk or tighter monetary conditions alongside the currency stress. A weaker rupee raises the cost of imports, particularly crude oil and electronics, which feeds directly into domestic inflation. Higher bond yields mean the government and corporates pay more to borrow, which can squeeze public spending and slow capital investment. For equity markets, the combination of currency weakness and rising yields typically pressures valuations, especially in rate-sensitive and import-heavy sectors. Traders will watch for any Reserve Bank of India intervention in the forex market, and whether yield moves stabilise or extend further in coming sessions.
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.
