State Bank of India

Iran has declared it is ready to fight an 'apocalyptic war', according to a Hindi-language news bulletin circulating widely online. The claim comes against the backdrop of escalating regional tensions involving Yemen's Houthi conflict, Saudi Arabia, the United States, and the wars in Gaza and the West Bank. Viewers are debating whether the rhetoric signals a serious escalation or propaganda aimed at deterring US and Israeli action.

Traders say the Reserve Bank of India is intervening to shield the rupee as a deadlock between the United States and Iran pushes oil prices higher. Higher crude costs widen India's import bill and pressure the currency, prompting speculation the central bank is selling dollars to limit depreciation.