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 The Panorama newsletter, sent to Moneycontrol Pro subscribers on trading days, offers a curated view of the top stories from Moneycontrol Pro — plus a deeper look at key events or trends that investors should keep on their radar. Today’s edition brings major developments. On May 7, 2025, India launched Operation Sindoor , carrying out precision airstrikes on nine terrorist locations in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK). This action was in direct response to the April 22 Pahalgam terror attack that claimed 26 lives — 25 Indian nationals and one Nepali citizen. According to the Indian Ministry of Defence, the strikes were “focused, measured, and non-escalatory,” intentionally steering clear of Pakistani military installations to prevent the situation from spiraling into broader conflict.

 U.S. Federal Reserve Chair Jerome Powell did not mince words in his latest press briefing, delivering a series of sharp warnings about the economic dangers posed by President Donald Trump’s aggressive tariff policies. While Powell reassured that the U.S. economy is still fundamentally strong, he outlined mounting vulnerabilities, largely fueled by policy uncertainty and escalating trade tensions. On Wednesday, the Fed left interest rates unchanged for the fourth consecutive meeting. However, the updated policy statement and Powell’s remarks made it clear that the central bank is increasingly uneasy. Powell pointed to slipping business confidence, hesitation in investment, and rising fears of stagflation — all suggesting that Trump’s trade war could threaten the Fed’s efforts to maintain price stability and maximize employment. Here are the 10 most striking warnings Powell aimed at Trump’s tariff approach during his post-meeting briefing: 1. Political pressure has “no effect” ...

 The Indian rupee recorded a sharp weekly drop as escalating military tensions between India and Pakistan rattled investor confidence, weighing on local equities and sovereign bonds. However, suspected intervention by the Reserve Bank of India (RBI) on Friday helped the currency recover some ground. The rupee ended the day stronger at 85.37 against the U.S. dollar, rebounding from an intraday low of 85.8425 — its weakest level in nearly a month — as traders reported RBI’s intervention to stabilize the market. Despite Friday’s gains, the currency posted a 0.9% loss over the week. Geopolitical tensions surged as both India and Pakistan traded accusations of launching fresh military strikes on Friday, including the use of drones and artillery. This marked the third consecutive day of the fiercest cross-border fighting in nearly 30 years. "There appears to be a fundamental incentive on both sides to avoid a major escalation in the medium term," noted Michael Wan, Senior Curren...

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