Ukraine & State Bank of India

Ukraine: A resolution in Ukraine could lead to Russia's return to full oil supply, adding more supply to the market.

State Bank of India: The State Bank of India is supporting the India — Indian rupee by opening the debt market to FPIs and may intervene to rebuild reserves, limiting appreciation.

Ukraine: Ukraine participated in parts of the G7 discussions, underscoring the emphasis on stabilizing countries central to regional security.

State Bank of India: The State Bank of India has implemented measures to contain the impact of the Iran war on the rupee and foreign exchange reserves, but faces increasing pressure to address inflation and slowing economic growth.

Ukraine: The G7 leaders reaffirmed their unwavering support for Ukraine's sovereignty and territorial integrity, pledging to bolster its military and energy capabilities amid its ongoing conflict with Russia.

State Bank of India: State Bank of India gained up to 3% as part of the broad-based market rally.