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Rupee almost breaches 96/$ before clawing back
The Indian rupee neared 96/$ amid foreign fund outflows, oil inflation, and balance of payments concerns. Reported central bank intervention helped the rupee recover from an intraday low, though it closed weaker. Potential tax cuts for foreign investors on Indian bonds also influenced the currency's movement.
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economictimes.indiatimes.com
India rupee slips to record low near 96 per USD as energy risks deepen
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on…
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Rupee almost breaches 96/$ before clawing back
The Indian rupee neared 96/$ amid foreign fund outflows, oil inflation, and balance of payments concerns. Reported central bank intervention helped the rupee recover from an…
