11:11 | Rupee surges to 2-week high, US-Iran negotiations, Crude oil slips over 5%, and more

• Rupee rises to two-week high against dollar: Factors driving currency’s recovery

The Indian rupee strengthened sharply on Monday (May 25), opening at 95.34 against the US dollar compared with Friday’s (May 22's) close of 95.69, gaining 35 paise in early trade and touching its highest level in nearly two weeks.

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• Why ethanol’s next growth story must be built beyond petrol blending

India’s ethanol story has entered a decisive new phase. With E20 petrol rolled out nationwide from April 1, 2026, ethanol has moved beyond being a blending success to becoming a proven domestic energy solution that supports farmer incomes, lowers crude import dependence,

and helps save foreign exchange at a time when energy security is a national priority.

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• RBI governor believes rupee may be undervalued after recent depreciation: Report

The Reserve Bank of India (RBI) believes the rupee may no longer be overvalued after its recent depreciation and could, in fact, be undervalued in both nominal and real effective exchange rate (REER) terms, RBI Governor Sanjay Malhotra said in an interview with Mint.

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• Gold, silver gain as softer dollar and Iran peace hopes support prices

Gold and silver prices rose sharply in international markets on Monday (May 25), supported by a weaker US dollar and lower crude oil prices, while investors continued to track developments around possible peace negotiations between the US and Iran.

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• Trump says India can rely on US '100%', calls himself a strong supporter of PM Modi

India can count on me 100%, US President Donald Trump said on Sunday night, calling Prime Minister Narendra Modi a "great" friend during an event celebrating the 250th anniversary of American independence.

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• Fuel prices raised across India for the fourth time in 10 days; Check latest rates here

Petrol and diesel prices were hiked fourth time in 10 days on Monday, May 25. In this latest tranche of hikes, the price of petrol has been hiked by ₹2.61 per litre. The diesel, meanwhile, has been hiked by ₹2.71 per litre. The hikes are applicable with immediate effect across the country.

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• Crude oil prices fall over 5% on US-Iran negotiations; Brent below $100

Crude oil prices fell on Monday, May 25 in early Asia trading on reports of the US and Iran edging closer to signing a Memorandum of Understanding (MoU) to end the war, that will complete three months this week.

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• Ebola outbreak explained: What you need to know after WHO’s global health emergency alert

The World Health Organization (WHO) has declared the ongoing Ebola outbreaks in the Democratic Republic of the Congo (DRC) and Uganda a Public Health Emergency of International Concern (PHEIC). Following the alert, India has advised citizens to avoid non-essential travel to the DRC, Uganda and South Sudan until further notice.

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• SpaceX IPO: 10 reasons why Elon Musk’s rocket company could become Wall Street’s biggest listing

The IPO That Could Break Records | SpaceX is reportedly preparing to raise between $40 billion and $80 billion through its IPO. The company is expected to be valued between $1.75 trillion and $2 trillion, which could make it the biggest market debut Wall Street has ever seen. The expected ticker symbol is SPCX, with a planned listing on the Nasdaq exchange. Investor roadshows are expected to begin on June 4, while trading could start on June 12.

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• US-Iran Negotiations: Here's how asset classes from equities to oil and gold are reacting

Asset classes from equities to bonds and oil markets are seeing a varied reaction to the latest developments between the US and Iran, which indicate that although both sides are inching closer to a deal, nothing has been finalised yet. Equities are seeing a rise in thin trading, oil prices are down, along with the US Dollar, while Gold and Silver prices are higher.

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• Debangshu Panda wins Falta by over 1.09 lakh votes, BJP shatters decade-long TMC stronghold after repoll

In a major political upset, the Bharatiya Janata Party (BJP) on Sunday stormed to victory in the Falta Assembly repoll, winning by a margin of over one lakh votes in a constituency long considered a Trinamool Congress (TMC) bastion. The TMC’s candidate, Jahangir Khan, finished a distant fourth and forfeited his deposit.

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