Indian shares fell for a fourth consecutive session on Tuesday as investors fretted about the oil price surge, a weakening rupee and continued foreign fund outflows. IT sector woes and Prime Minister Narendra Modi's call for austerity also spooked markets.
The rupee sank to a new record low of 95.63 against the dollar, bonds remained under pressure and Brent crude prices climbed above $107 a barrel after U.S. President Donald Trump rejected Iran's counteroffer to end the war as "unacceptable", adding the month-old ceasefire with Iran is "unbelievably weak" and on "massive life support."
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.