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Indian Sponge Iron Hits Two-Year High

Sep 9, 2026

Indian sponge iron prices reached a two-year high in August due to elevated imported coal costs and tight domestic supplies. High fuel prices and monsoon disruptions have driven up production expenses for manufacturers.

Indian sponge iron prices reached a two-year high in August due to elevated imported coal costs and tight domestic supplies. High fuel prices and monsoon disruptions have driven up production expenses for manufacturers.

The Indian rupee faces renewed downward pressure as surging oil prices driven by Middle East tensions test the central bank's defense capabilities. Higher crude costs threaten currency stability and raise import demands.

Rupee Faces Pressure as Oil Prices Test RBI Defense

Sep 9, 2026

The Japanese yen has rallied sharply against major currencies as traders aggressively unwind carry trade positions. Anticipation of a rate hike by the Bank of Japan has pushed borrowing costs higher and sparked widespread market caution.

Japanese yen surges as investors unwind carry trades

Sep 9, 2026

The Japanese yen steadied near a seven-month high on Wednesday while the dollar remained defensive. Rising oil prices approaching one hundred dollars per barrel chilled market sentiment amid escalating Middle East tensions.

Yen Holds Near Seven-Month High as Dollar Weakens

Sep 9, 2026