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INR pares initial losses and settles largely unchanged

INR pares initial losses and settles largely unchanged

by | Jun 10, 2026 | Share Market


Last Updated : Jun 10 2026 | 5:31 PM IST

The Indian rupee was largely flat and settled almost unchanged at Rs 95.43 per dollar, down just 2 paise on Wednesday, amid likely intervention from the Reserve Bank of India (RBI) to curb excessive volatility and prevent a further slide in the domestic unit. Rupee pared its initial losses as crude oil prices and the US dollar index retreated from their elevated levels. Indian shares gave up early gains to end little changed on Wednesday as investors weighed rising U.S.-Iran tensions and awaited key U.S. inflation data later in the day for fresh insights into market expectations for future interest rates in the face of rising energy-driven inflation risks. The BSE Sensex ended the day at 73,983.18, up by 64.42 points (0.09%), while the NSE Nifty 50 settled at 23,214.95, slipping by 27.15 points (-0.12%).

 

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Jun 10 2026 | 5:31 PM IST



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Planning to try iOS 27 beta? Here's what you should know before updating

Planning to try iOS 27 beta? Here's what you should know before updating

by | Jun 10, 2026 | Technology


Apple released the developer betas of iOS 27, iPadOS 27 and macOS 27 following the Worldwide Developers Conference (WWDC) 2026 keynote. Although these software updates are planned to roll out later this year, users can already access the new features through the developer beta programme. Apple has released early beta versions of iOS 27, iPadOS 27 and macOS 27, allowing developers and enthusiasts to test upcoming changes before the public launch.


iOS 27, iPadOS 27 and macOS 27: What’s new


Some of the headline features of iOS 27 include faster app launches and photo loading, up to 80 per cent faster AirDrop transfers between supported Apple devices, a transparency control for the Liquid Glass interface, and improved search across Spotlight, Photos and Mail.

 
 


Apple is also introducing AI-powered tab organisation and webpage monitoring in Safari, expanded parental controls, perimenopause and menopause tracking in the Health app, enhanced Apple Maps Flyover views, and support for full-resolution iCloud Shared Albums across Apple, Android and Windows devices.

 


The update also introduces a redesigned Siri experience and broader Apple Intelligence integrations, though several AI features will be limited to supported hardware.

 


Apart from many of the features announced for iOS 27, iPadOS 27 introduces several iPad-specific additions aimed at improving productivity and multitasking.


Apple is bringing a new always-visible Menu Bar option that makes navigation feel more desktop-like, alongside faster browsing and file transfers between external drives and the iPad. Apple has also refined the Files app to make file organisation and access more efficient.

 


With macOS 27, Apple says Spotlight search is becoming faster and more capable with Siri AI intergation. The update also introduces refinements to the Mac interface, including redesigned toolbars and window layouts, while expanding parental controls and Communication Safety features.

 


Notably, macOS 27 will be the first major macOS release to support only Apple silicon-powered Macs, marking the end of support for Intel-based Mac models.


Running a developer beta may involve risks


Before installing the developer beta, users should understand that these builds are primarily intended for app testing and development rather than everyday use.

 


Early beta software may not offer a polished experience. It may contain bugs, app compatibility issues, unexpected crashes, performance slowdowns, battery drain or features that do not work as intended.

 


It is recommended to back up devices before installing beta software. Users should ideally avoid installing a developer beta on their primary iPhone, iPad or Mac, particularly if they depend on the device for work, studies or daily communication.

 


In some cases, beta-related issues can require users to erase their device and restore it from a backup in order to return to a stable version.

 


While Apple’s latest developer betas include some of the features announced at WWDC 2026, not every feature is necessarily available from day one. Apple frequently introduces additional capabilities through subsequent beta releases as development progresses.

 


For users who prefer a more stable experience, it may be better to wait for the public beta release, which will kick off from July. Apple typically releases public betas a few weeks after developer betas, once major issues have been addressed. Even then, beta software remains pre-release software, so caution is advised before installing it on a device used every day.


iOS 27 developer beta: How to update


  • Sign in to the Apple Developer website and enrol in the iOS 27 beta programme.


  • Make sure your iPhone is signed in with the same Apple Account used on the Apple Developer website.


  • On your iPhone, go to Settings > General > Software Update.


  • Tap Beta Updates and select iOS 27 Developer Beta.


  • Once the update appears, install it through Software Update.

The process is similar for iPad and Mac. 


iOS 27: Eligible devices


  • iPhone 17 Pro and Pro Max, iPhone 17, iPhone 17e, iPhone Air


  • iPhone 16 Pro and Pro Max, iPhone 16 Plus, iPhone 16, iPhone 16e


  • iPhone 15 Pro and Pro Max, iPhone 15 Plus, iPhone 15


  • iPhone 14 Pro and Pro Max, iPhone 14 Plus, iPhone 14


  • iPhone 13 Pro and Pro Max, iPhone 13, iPhone 13 mini


  • iPhone 12 Pro and Pro Max, iPhone 12, iPhone 12 mini


  • iPhone 11 Pro and Pro Max, iPhone 11


  • iPhone SE (second generation and later)


iPadOS 27: Eligible devices


  • iPad Pro (M4 and later)


  • iPad Pro 12.9-inch (4th generation and later)


  • iPad Pro 11-inch (2nd generation and later)


  • iPad Air 13-inch (M2 and later)


  • iPad Air 11-inch (M2, M3 and M4)


  • iPad Air (4th generation and later)


  • iPad (A16)


  • iPad (9th generation and later)


  • iPad mini (A17 Pro)


  • iPad mini (6th generation and later)


macOS 27: Eligible devices


  • MacBook Neo (2026)


  • MacBook Pro with Apple silicon (2020 and later)


  • MacBook Air with Apple silicon (2020 and later)


  • iMac with Apple silicon (2021 and later)


  • Mac mini with Apple silicon (2020 and later)


  • Mac Studio (2022 and later)


  • Mac Pro with Apple silicon (2023)



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Copper futures turn weak

Copper futures turn weak

by | Jun 10, 2026 | Business


Copper pipes of different diameter cut. 3d render.
| Photo Credit:
Axe_Olga

Copper futures (₹1,315/kg) has been on a decline over the past week. While the broader uptrend remains valid, there are signs of a corrective decline at the current juncture.

The June futures, after failing to rally above ₹1,385 last week, reversed the path and is on a decline. On Wednesday, the contract slipped below the support at ₹1,325, where the 23.6 per cent Fibonacci retracement of the previous upswing coincides.

The breakdown below the support at ₹1,325 has opened the door for further decline. While it may be too early to call the dips a bearish trend reversal, we will most likely see the price dropping to ₹1,265. Support below ₹1,265 is at ₹1,230.

On the other hand, if copper futures resumes the rally, it ought to reclaim ₹1,325 for the bulls to gain traction. If this occurs, the contract can extend the rally to ₹1,385.

Overall, as it stands, the near-term outlook is weak and so, traders can consider selling. 

Trade strategy

Short copper futures (Jun) at ₹1,325. Target and stop-loss can be ₹1,275 and ₹1,350, respectively. 

Published on June 10, 2026



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Short-term bond yields hit three-month low on RBI dollar measures

Short-term bond yields hit three-month low on RBI dollar measures

by | Jun 10, 2026 | Share Market



Short-term Indian government bond yields fell to their lowest in three months on Wednesday, steepening the yield curve to ​a one-year high on expectations that banks will invest ​funds raised under the RBI’s dollar inflow measures in this segment.


On Friday, the ‌Reserve Bank of India unveiled steps to attract dollar inflows, including fully subsidising hedging costs on foreign currency deposits raised from non-resident Indians.


The subsidy covers non-resident deposits with maturities of three to five years raised until September 30.


With the RBI absorbing hedging costs, banks can convert dollar deposits into rupees more cheaply, giving them access to lower-cost funding that is expected to flow into investments, including government bonds.

 


Yields on two- to five-year bonds have fallen by up to 30 basis points, led by the 6.36 per cent 2031 bond, which has ‌accounted for about $500 million of the roughly $1 billion in foreign purchases over the past three days.


“The rally is being driven by expectations that a portion of funds raised by banks under the RBI’s scheme will be channeled into shorter-duration bonds,” said Binod Kumar, managing director and CEO at Indian Bank.


The gap between five- and 10-year yields has widened to a one-year high of 40 basis points, more ​than double its pre-policy level. The five-year yield has fallen more sharply than the 10-year.


Ashwin Patni, ‌head of wealth management solutions at Julius Baer India, said the short to medium end of the curve currently offers a more favorable risk-reward ​trade-off compared ‌to the longer end, which remains more sensitive to global factors and fiscal dynamics.


Investors expect ‌a further steepening of the curve, with more inflows likely in the coming days and the up-to-five-year segment remaining in favor.


“We expect incremental inflows to the ‌tune ​of around $5 billion ​in the immediate future in response to these announcements, aided by tax exemptions and expectations of improved performance of INR vs other Asian currencies,” ‌Parul Mittal Sinha, ​head-markets, India and South Asia at Standard Chartered Bank, said.



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Indian govt's 10-year bond yield down 0.10% on tax relief-driven FPI buying

Indian govt's 10-year bond yield down 0.10% on tax relief-driven FPI buying

by | Jun 10, 2026 | Share Market



Indian government bond yields dropped sharply in the last four days, with the benchmark 10-year yield falling 0.10 per cent, as Foreign Portfolio Investor (FPI) inflows picked up after the government’s recent tax relief measures for debt investments.


According to the data compiled by PTI, the 10-year benchmark bond yield eased to 6.911 per cent on Wednesday, from 7.024 per cent on June 3.


Money market experts attributed the easing yields on government securities to heavy inflows of ₹11,026.331 crore in the last four days by foreign investors in these securities under the Fully Accessible Route (FAR).


FAR allows non-resident investors to invest in specified Government of India dated securities without any investment ceilings.

 


Inflows by foreign investors started after the government on June 5 promulgated an ordinance amending the Income Tax Act to provide tax exemption on interest income and capital gains arising from the sale, exchange or transfer of government securities held by FPIs. The exemption is applicable retrospectively from April 1, 2025.


The move came as the government looked to attract more foreign capital into the domestic debt market and support the rupee amid external pressures.


Further, the Reserve Bank of India (RBI) announced a slew of measures in the June monetary policy to attract foreign capital to India, including expanding the universe of securities available under the FAR by including all new issuances of 15-year, 30-year and 40-year tenor government securities.


An Ecowrap report from SBI’s Economic Research Department said the central bank’s recent measures are likely to help India attract USD 55-65 billion in inflows in the current fiscal, stabilise the rupee, and push the country’s balance of payments into surplus, said an SBI research report.


The RBI’s February and June 2026 measures should be viewed as a coordinated attempt to stabilise the rupee, deepen the domestic debt market, attract more stable foreign capital and reduce friction for external funding, the report added.



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