Dollar higher as oil lifts yields and Fed hike looms

The Supreme Court on Monday asked the Karnataka government to ensure compliance of the Cauvery Water Management Authority’s (CWMA) direction on the release of Cauvery water to Tamil Nadu. While the Tamil Nadu government claimed before the apex court that the CWMA’s direction was not being complied with, the Karnataka government said the picture being…

Reliance Industries shares gained after the conglomerate reported better-than-expected June quarter earnings, driven by robust growth across its energy, digital and refining businesses. Brokerages remained bullish on the stock, with several reiterating Buy ratings and raising target prices, citing strong operational performance, improving refining margins and long-term growth prospects across Jio, retail and renewable energy.

The US Federal Reserve kept interest rates unchanged, awaiting clearer inflation signals. Renewed fighting linked to Iran pressures oil prices and clouds economic outlook. Inflation remains above the Fed’s target, causing investor concern about potential price increases.