business
7 May 2026
rupee-95-record-low-nri-deposit-scheme-rbi-dollar-inflows-may-2026
"title": "The Rupee Just Hit 95.43. ₹2 Lakh Crore Left India in 4 Months. The Fix Involves NRIs and a Tax the Government Hated.",
"title": "The Rupee Just Hit 95.43. ₹2 Lakh Crore Left India in 4 Months. The Fix Involves NRIs and a Tax the Government Hated.",
Mamata refuses to resign after BJP's 207-seat sweep in West Bengal. The Assembly term ends May 7 — Article 164 explains what the Governor does next.
TVK's 108 seats fell 10 short of majority. Congress, VCK, and Left parties backed Vijay in 48 hours to form Tamil Nadu's first coalition government. Oath: May 7.
TMC won 215 seats in West Bengal — same as 2021. Tamil Nadu's DMK held. What two record-turnout elections actually said.
Vijay's TVK contested all 234 Tamil Nadu seats. Exit pollsters disagreed by 100+ seats. Either way, the DMK-AIADMK duopoly era is ending.
New state governments take office tomorrow with a 92% monsoon forecast. The first policy test arrives in the fields, not Parliament.
India's new PM inherits 3 energy crises before cabinet forms. Hormuz blockade, Russian oil waiver expires May 16, Qatar LNG damage. First move signals geopolitics.
India bought Russian oil, Iranian gas, and $13B in Gulf deals at once. Monday's election count decides which of those alliances survives the quarter.
Exit polls favoured BJP. Sensex fell anyway. With May 4 counting near, here's what each election outcome means for the rupee, FPI flows, and inflation.
A month into the Hormuz blockade, panic ended and adaptation began. What India's energy economy actually learned — and what stayed broken.