Indian Stock Market Tumbles—Sensex Drops 573 Points, Nifty Slips Below 24,750 Amid Global Uncertainty

The Indian stock market benchmarks, Sensex and Nifty 50, witnessed a sharp decline on Friday, June 13, tracking losses in major Asian indices, including Japan’s Nikkei and South Korea’s Kospi. Investor sentiment was shaken by heightened geopolitical tensions between Israel and Iran, leading to broad-based market weakness. The Sensex opened at 80,427.81, down from its…

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RBI Warns Cryptocurrencies Could Destabilize Financial System

Reserve Bank of India (RBI) Governor Sanjay Malhotra has reiterated concerns over cryptocurrencies, warning that their proliferation could hamper financial stability and pose challenges to monetary policy. Speaking at a press conference following the RBI Monetary Policy Committee (MPC) meeting, Malhotra emphasized that while a government committee is currently reviewing cryptocurrency regulations, the central bank…

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