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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
Rupee slides to a fresh low for third straight day on oil hit
The Indian rupee hit a new all-time low for the third consecutive day, driven by soaring crude oil prices and increased dollar demand. Despite government efforts to curb gold…
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Rupee hits record low of 95.85/USD as energy risk worries deepen
The Indian rupee reached an all-time low on Thursday, driven by elevated oil prices and continuous foreign portfolio outflows. This has created strain on India's current and…
