Abbas Araghchi & State Bank of India

Abbas Araghchi: Abbas Araghchi, Iran's foreign minister, is actively engaged in diplomatic efforts, traveling between capitals like Islamabad, Muscat, and Moscow to discuss peace talks, while expressing skepticism about US intentions.

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.

Abbas Araghchi: Iran's Foreign Minister held talks in Oman and accused the U.S. of violating the ceasefire, insisting on mutual compliance.

State Bank of India: The RBI reported a rise in India's forex reserves, but the rupee's fall reflects market stress from the crisis.

Abbas Araghchi: Abbas Araghchi, Iran's foreign minister, stated that no tangible progress was made in talks with the U.S. and warned of decisive responses to hostile acts.

State Bank of India: The State Bank of India likely intervened to curb excessive volatility and prevent a further slide in the rupee against the US dollar.

Abbas Araghchi: Abbas Araghchi, Iran's Foreign Minister, confirmed the finalization of the memorandum of understanding and stated that details would be disclosed once the agreement is signed. He also addressed Iran's stance on maritime service fees in the Strait of Hormuz.

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