Speaking at an event in New York, Wilson said he would depart the company within two months and the next four years would be “just as challenging as the past, albeit in a different way.”
Rising crude oil prices and massive foreign investor withdrawals have intensified pressure on the Indian currency market. Growing geopolitical tensions and stronger dollar demand continue to weaken the rupee.
Markets are losing momentum as rising oil prices and US-Iran tensions fuel fresh inflation worries. Investors are turning cautious, prioritising risk over growth in an increasingly uncertain global landscape.
During meetings in Washington, UAE Central Bank Governor Khaled Mohamed Balama raised the possibility of a currency swap arrangement with US Treasury Secretary Scott Bessent and officials from the Federal Reserve.
South Korea's per capita income edged up 0.3 per cent in 2025 to remain in the $36,000 range, as the depreciation of the Korean won against the US dollar offset actual solid income growth, central bank data showed on Tuesday.
The Nifty traded at 10,667.25 during the morning trade session, up 26.30 points and 0.25 per cent.
In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude prices in the coming week.
In 1971, President Richard Nixon made a unilateral declaration that the USA is not obliged any more to provide gold in exchange for the dollar.
The dollar index, which measures the greenback against six major peers, rose 0.28 per cent at 96.3371 in late trading.
The 30-share index, however, pared some early gains and was trading 103.90 points, or 0.29 per cent, higher at 35,617.61. Similarly, the NSE Nifty rose 37.15 points,or 0.35 per cent, to 10,709.40.
