Last mentioned: Mar 18, 2026
Conflict Expansion
Hostilities spread to Lebanon with Israel and Hezbollah exchanging fire; airports in Dubai and Bahrain hit.
Conflict Expansion
Israel and Hezbollah exchange fire in Lebanon; Iranian strikes target airports in Bahrain and Dubai.
NSE Market Reaction
Nairobi bourse turnover drops to Sh922 million as investors retreat.
NSE Market Reaction
Nairobi bourse opens lower; turnover drops 23% as investors react to Middle East instability.
Military Escalation
US and Israeli forces launch strikes on Iranian military and nuclear sites.
US-Israeli Strikes
Coordinated strikes hit Iranian military and nuclear sites, killing Supreme Leader Ayatollah Ali Khamenei.
Outlook
Analysts monitor the 92.50 level for potential RBI intervention.
Renewed Pressure
Rupee falls 18 paise to close at 91.82; Moody's issues warning on energy dependence.
Brief Recovery
Currency recovers 41 paise to settle at 91.64 as markets temporarily stabilize.
Initial Slide
Rupee begins sharp decline, losing 97 paise over two sessions due to Middle East tensions.
PBOC Intervention Signals
Reports emerge that Chinese authorities are taking steps to curb 'one-way' speculative bets and slow the appreciation.
35-Month High Reached
The Yuan surges against a weakening US Dollar, hitting its strongest level since 2023.
The Indian Rupee depreciated by 12 paise to reach a record closing low of 92.40 against the US Dollar, driven by persistent capital outflows and a strengthening greenback. This milestone reflects intensifying volatility in emerging market currencies as global macroeconomic pressures and elevated crude prices weigh on domestic sentiment.
The Nairobi Securities Exchange (NSE) experienced a sharp decline in turnover and index value following unprecedented military strikes between Iran and Israel. While the Kenyan Shilling showed early resilience, analysts warn that disruptions to Middle Eastern trade routes and oil supplies pose a severe threat to the country's retail and e-commerce sectors.
The Nairobi Securities Exchange (NSE) experienced a sharp decline in turnover and index value following coordinated military strikes by US and Israeli forces against Iran. While the Kenyan Shilling remained stable at 129.02, analysts warn of impending regulatory and economic pressures stemming from oil supply disruptions.
A sharp spike in crude oil prices has triggered a flight to safety, propelling the US dollar to new heights against major currencies. This dual pressure of rising energy costs and a stronger greenback is heightening concerns over persistent global inflation and a potential slowdown in international trade.
The Indian rupee depreciated 18 paise to close at 91.82 against the US dollar, driven by surging crude oil prices and heightened geopolitical risk in the Middle East. While a temporary 30-day US waiver on Russian oil imports provided a buffer, analysts warn of a potential breach of the 92.50 level.
The Chinese Yuan has surged to its strongest level in nearly three years, driven by a weakening US Dollar and robust capital inflows. Chinese authorities have begun implementing measures to temper the currency's rapid ascent to protect export competitiveness and maintain financial stability.
The Indian Rupee weakened by 6 paise to settle at 90.95 against the U.S. Dollar on February 24, 2026. This move reflects a broader trend of emerging market currency depreciation driven by a resilient greenback and shifting global capital flows.
Global markets are bracing for a turbulent New York session as a combination of semiconductor sector volatility and tightening liquidity creates a 'perfect storm' for equities. Investors are pivoting toward safe-haven assets like Gold and the US Dollar as the Nasdaq 100 faces significant pre-market pressure.