It reflects the impact of the West Asia conflict and the effective blockade of the Strait of Hormuz, a key route through which most of India’s crude oil imports arrive, along with the resulting spillover into food prices.
According to ship-tracking data, six US-sanctioned supertankers with a carrying capacity of 12 million barrels of crude combined have crossed the Strait of Hormuz into the Gulf of Oman over the past week while keeping their transponders switched off.
The rupee has weakened by more than 0.8% so far in the current fiscal year. On Monday, the one-month forward premium on the rupee stood at 3.17%, whereas the one-year forward premium was 2.83%.
Gold price prediction today: Gold prices will continue to be influenced by developments on the US-Iran conflict front in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Stock market recommendations: Divi’s Laboratories, Bajaj Finserv, Bharat Forge, and Coforge are the top stocks to buy recommended by Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan for July 14, 2026:
HCLTech plans a significant investment in new AI data centers. This move targets growing demand for sovereign AI infrastructure. The company reported its first-quarter revenue figures on Monday. Revenue saw a slight sequential decrease but a year-over-year increase. This investment follows HCLTech’s recent stake in Sarvam AI.
