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The Indian rupee hit an all-time low Tuesday, pressured by trade deficits and tepid inflows, despite strong economic fundamentals. The Reserve Bank of India intervened to prevent a breach of the 90 per dollar mark. Analysts suggest underlying weaknesses may force the RBI to allow further depreciation over time, as foreign investors pull back and importers rush to buy dollars.
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Mass killings in the U.S. have reached their lowest point since 2006, with four deaths in California marking the 17th such incident this year. Experts caution this decline may be a statistical "regression to the mean" after recent spikes, rather than a permanent shift towards safer conditions.
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Two lower courts have already ruled against President Trump's use of emergency powers to impose tariffs.
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