Indian stocks are down on Tuesday, weighed down largely by escalating tensions in the Middle East and hurt by the rupee's weakness against the greenback. Investors are also reacting to a slew of earnings announcements.
The rupee dropped to 95.46 against the U.S. dollar this morning and was trading at 95.39 a little while ago.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.