Indian Rupee and Bonds Under Stress as Mideast War Continues
The Indian rupee and bonds are expected to extend their rough patch as the Mideast war enters its fourth week, continuing to put stress on the rupee and prompting examination of India's forex strategy amid global uncertainties.
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Indian rupee, bonds set to extend rough patch as Mideast war enters fourth week
Read full article →Rupee hits record low: Tumbles to 93.8 against US dollar amid Middle East tensions
The Indian Rupee hit a record low against the US dollar, plummeting to 93.86 amid escalating Middle East tensions and fears of disrupted energy supplies. Crude oil prices have surged over 50% this month, exacerbating the currency's weakness. Indian stock markets also experienced a significant downturn, reflecting the global economic strain.
By TOI BUSINESS DESK
Read full article →Iran war stress on rupee: How India has used forex reserves to tide over past global uncertainties
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