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The Indian rupee weakened to 87.53 against the dollar on Friday, despite likely RBI intervention, capping a turbulent week marked by new US tariffs. Portfolio outflows and higher-than-expected baseline tariffs contributed to the rupee s decline, hitting a record low of 87.59 on Thursday.

Global equities and the dollar plummeted following disappointing U.S. jobs data, fueling recession fears and increasing bets on September interest rate cuts. Trump s tariff announcements and key personnel changes, including the potential firing of the BLS commissioner and a Fed governor s resignation, further unsettled investors.

European stocks experienced a significant downturn, marking the largest single-day drop in over three months, triggered by fresh U.S. tariffs on various countries. Healthcare stocks also declined following President Trump s letters to pharmaceutical companies regarding prescription drug prices. The pan-European STOXX 600 index slid considerably, with banks underperforming. Adding to the negative sentiment, U.S.

Oil prices dipped around $2 a barrel on Friday amid concerns over a potential OPEC+ production increase and a disappointing U.S. jobs report. Despite the daily drop, both Brent and WTI crude futures ended the week with gains near 6%. Discussions suggest OPEC+ might boost output by 548,000 barrels per day in September. Simultaneously, weaker-than-expected U.S.

Gold prices surged nearly 2% on Friday, reaching a one-week high of $3,347.66 per ounce, fueled by weaker-than-expected U.S. payroll data. This raised expectations for Federal Reserve rate cuts later this year. Fresh tariff announcements by the U.S. also spurred safe-haven demand, further boosting gold s appeal amidst economic uncertainty. Market anticipates two rate cuts by year-end, beginning in September.

American stock markets faced a significant downturn on Friday. New tariffs imposed by President Trump on various countries impacted investor sentiment. A surprisingly weak jobs report further fueled concerns about the economy. Amazon s disappointing results also contributed to the market decline. The S&P 500 experienced its largest daily drop since May.

India s upcoming 8th Pay Commission is projected to inject Rs 3-3.15 lakh crore into the economy in 2026, benefiting 11.2 million employees and pensioners. This substantial payout is expected to boost consumption, particularly in sectors like passenger vehicles, BFSI, and consumer durables. Increased savings could also drive significant inflows into the stock market.

A DSP Mutual Fund report reveals gold prices have surpassed inflation-adjusted highs from 1980, entering a bull market, while silver lags behind. This surge is attributed to U.S. fiscal concerns, a weaker dollar, and global deleveraging. Central banks are aggressively accumulating gold, diversifying away from the dollar amid geopolitical risks, signaling a "Re-Goldization" phase.

While Buffett rarely comments on specific sales, the magnitude and pattern of the disposals have raised eyebrows, especially given his oft-quoted line that his "favourite holding period is forever."

Sebi is proposing stricter regulations for the appointment of independent third-party reviewers of green debt securities. This move aims to align the norms with those applicable to other ESG-linked bonds, addressing gaps in reviewer independence and conflict of interest mitigation. The revised framework seeks to establish comprehensive criteria for certifiers of green bonds, ensuring greater transparency and credibility.