Rathindra Bose was elected unopposed as the Speaker of the 18th West Bengal Legislative Assembly on Friday.
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India is likely to witness the arrival of the southwest monsoon over Kerala around May 26, according to the latest forecast issued by the India Meteorological Department (IMD).
Indian equity markets closed on a volatile note on Friday as rising crude oil prices, weakness in the rupee and persistent global uncertainty kept investor sentiment cautious throughout the session.
Gold prices remained firm near historic highs in domestic markets on Friday, reflecting continued investor interest in safe-haven assets amid geopolitical uncertainty.
Global crude oil prices climbed sharply on Friday after former US President Donald Trump warned that he was “losing patience” with Iran.
Precious metal markets witnessed heavy selling pressure on Friday as both gold and silver prices declined sharply across global and domestic exchanges.
The Indian rupee has fallen to a historic low against the US dollar, raising fresh concerns about inflation, foreign capital outflows and India’s widening current account deficit.
India’s recent fuel price hike may only be the beginning of a broader wave of increases as global crude oil prices continue to rise amid escalating tensions in West Asia.