“The undertone remains mixed amid ongoing concerns surrounding US–Iran negotiations, which continue to keep global sentiment cautious. In the previous session (27th April 2026), the market witnessed a strong recovery. Nifty 50 closed higher by +194.75 points, indicating buying interest at lower levels after recent correction. Despite the sharp upmove, the index faced resistance near…

Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative…