Interim president RODRIGUEZ said Venezuela's oil production is expected to reach 1.4 mln b/d by year-end.

CITIGROUP says Indian corporate clients broadly expect the rupee to weaken further and are increasing allocations to hedges and structured FX products. Vandana Bhatter, head of corporate FX sales for Asia at Citigroup, said clients view longer-term rupee moves as tracking interest-rate differentials and are shifting into structures that offer protection while allowing participation if the rupee moves sharply. The rupee has fallen about 11% versus the dollar over the past year, the weakest performance in Asia. Citigroup cites higher US tariffs on India last year, the Iran war and its impact on oil, and market expectations of a higher-for-longer Fed and stronger dollar as key drivers.

Zelenskiy said Ukraine is seeking a license to produce Patriot air-defense system interceptors and expects to acquire the technical capability to manufacture them by year-end. At last week’s NATO summit, US President Trump told Zelenskiy the US will issue a license allowing Ukraine to produce Patriot interceptors.