Russian forces advance near Olkhovatka while air defenses intercept numerous drones. Meanwhile, Moscow issues diplomatic warnings regarding US and Turkish arms supplies to Kiev.
Hong Kong's four-decade-old dollar peg faces review calls as an industry association urges shifting to the yuan or a basket of major currencies and gold.
A woman was detained in Moscow by the FSB for attempting to plant an improvised explosive device under a security officer's car and plotting terrorist activity in exchange for help to move to an EU country.
Russia's MOEX Index gained 3.9% and the RTS Index rose 3.59% on Tuesday, with analysts forecasting continued recovery but expressing concerns over a potential tightening of the Bank of Russia's monetary policy. The ruble showed mixed movements against major currencies.
Indian taxpayers must report foreign assets in their Income Tax Return (ITR) for AY 2026-27, converting foreign currency to Indian Rupees using the State Bank of India's (SBI) Telegraphic Transfer Buying Rate (TTBR). This specific rate is mandated by Income-tax Rules, requiring taxpayers to use the TTBR applicable on the relevant date and retain records for compliance.
Allbridge Core paused its cross-chain stablecoin bridge protocol after a security incident on Sunday, resulting in $1.65 million being drained from its Solana deployment. The attacker used a flash loan to manipulate exchange rates before bridging funds to Ethereum and privacy pools.
Reports detail a massive Russian retaliatory strike on Ukrainian military-industrial sites, a significant increase in Polish arms transfers to Kyiv, and US-European talks on missile co-production. Tensions with Iran are noted, alongside Ukrainian drone attacks on Russian regions. Diplomatic exchanges between Russia and the West highlight differing views on dialogue and sanctions.
The Russian stock market experienced a decline at the start of the main trading session on July 7, with MOEX and RTS indices falling. However, the yuan exchange rate, after an initial dip, began to grow.
The Russian ruble has stabilized within a 75-85 rubles per US dollar range, contrary to many expectations, according to Andrey Gangan, Director of the Monetary Policy Department at the Bank of Russia. He noted that despite past economic shocks causing sharp fluctuations, the currency has maintained this established trading band over the past year and a half.
The Russian stock market experienced a decline at the start of the main trading session on June 18, with MOEX and RTS indices falling by 0.8%. The yuan exchange rate also saw an increase against the ruble.
Iran urged Saudi Arabia to expel US troops, while Russia's SVR chief warned Armenia against relying solely on the West. News also covered a shelling attack off Yemen, Putin's communication with Trump, Macron's stance on French wine tariffs, US troop movements near Iran, China's automotive advancements, Trump's 'guardian of Middle East' proposal, Iran's Strait of Hormuz policy, and a potential US-Iran deal. Other reports included Israeli actions in Lebanon, Ukraine conflict updates, and Hungary's EU talks.
The dollar-won exchange rate rose in overnight trading, driven by higher-than-expected US May PPI data and a threat of further strikes on Iran by President Trump. However, Trump later canceled the strike and hinted at a deal, suggesting a potential drop in the Seoul market.
The dollar-won exchange rate narrowed its gains in overnight trading, closing at 1,520.20 won per dollar. This comes after the US May CPI largely met expectations, with the dollar index remaining flat, causing the exchange rate to give back some of its gains from the regular session.
The dollar-won exchange rate surged past 1,530 won in overnight trading, driven by foreign investors selling Korean stocks for 19 consecutive days. Despite verbal intervention from South Korean foreign exchange authorities, the market showed little reaction, with the rate reaching a 17-year high.
The Bank of Russia has increased the official exchange rates for the US dollar, Euro, and Chinese yuan for June 5, 2026. The dollar rate rose by 95.2 kopecks to 74.2956 rubles, the euro by 1 ruble 14.69 kopecks to 86.2712 rubles, and the yuan by 12.74 kopecks to 10.9536 rubles.
AvtoVAZ head Maksim Sokolov stated the company is considering adjusting its production plan due to the strengthening ruble and geopolitical turbulence. A stronger ruble makes exports less competitive, while global instability also influences production decisions.
Russia's United Aircraft Company (UAC) is nearing the final trials of heavy combat drones, with CEO Vadim Badekha stating they are on par with competitors. The UAC is also developing the next-stage engine for the Su-57 fighter jet.
The dollar-won exchange rate surged in overnight trading, approaching the 1,520 won mark. Despite a rising New York stock market, the rate showed risk aversion due to doubts about the smooth progress of US-Iran peace talks.
The dollar exchange rate in Russia's interbank market has climbed above 73 rubles, reaching its highest point since May 18, 2026, according to trading data. The euro also saw an increase.
The dollar-won exchange rate rose above 1,510 won in overnight trading, driven by heightened risk aversion due to Iran's threats to block the Strait of Hormuz and expand regional conflict if its demands are not met.
India's Commerce Minister Piyush Goyal stated the government does not control exchange rates, which are determined by market forces and global factors. He noted the rupee's recent appreciation and highlighted government efforts to boost exports, reduce import reliance, and attract investment through measures like free trade agreements.
RBI significantly increased dollar sales in FY26, with net sales reaching $53.1 billion, up from $41.1 billion in FY25, to manage rupee volatility. This intervention is estimated to have generated nearly Rs 50,000 crore in income for the central bank.
The dollar-won exchange rate closed at 1,517.40 won, showing a rebound after an overnight decline. Initial gains were pared due to hopes of a US-Iran ceasefire, but a hawkish remark from a Fed official and rising inflation expectations pushed the rate up.
India faces significant economic challenges due to elevated commodity prices, foreign investor sell-offs, and import pressures, leading to a depreciating rupee. Chief Economic Advisor V. Anantha Nageswaran describes the situation as a "live balance of payments stress test."
