Indian shares opened lower on Tuesday, extending steep losses from the previous session as investors fretted about the potential impact of surging crude oil prices and a weakening rupee on the Indian economy.
Brent crude futures traded above $105 a barrel and the rupee slipped to another record low of 95.63 against the dollar after U.S. President Donald Trump said the fragile ceasefire between Washinton and Tehran was on "massive life support," raising fresh doubts over the chances of a lasting truce.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.