The rupee weakened above the 95/dollar level for the first time and ten-year bond yields hit the highest level since July 2024, despite the most aggressive defense of the currency by the central bank in more than a decade. Traders believe the Reserve Bank of India will step in to stop a sharp fall in…
The Reserve Bank of India’s recent defense of the rupee versus the dollar is weighing on the country’s foreign exchange reserves, leading some analysts to call for less intervention in the future. According to former RBI Deputy Governor Michael Patra, India needs a foreign exchange reserve buffer of at least $1 trillion for strong intervention…
India’s stock market faced an all-out selloff on Friday as the escalating war with Iran in West Asia pushed crude oil prices above $100 a barrel, threatening the inflation outlook and fiscal stability of Asia’s third-largest economy. Bombay Stock Exchange building in Mumbai. (Reuters) The benchmark 30-share S&P BSE Sensex in Mumbai fell 2.07% or…
The Indian rupee is set to fall to an all-time low on Monday due to a sustained rise in global crude oil prices and growing concerns over India’s external balance amid an escalating war in West Asia. With fundamental pressure on the rupee increasing amid rising Brent crude oil prices, the market’s attention has completely…
