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Rupee under pressure; crude oil, bond yields and dollar strength create perfect storm: Naveen Mathur
The Indian rupee is facing intense pressure due to rising crude oil prices, a strengthening dollar, and widening deficits. The Reserve Bank of India has actively intervened, depleting foreign exchange reserves to manage volatility rather than defend a specific level. Importers should hedge, while exporters benefit from the weaker currency.
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economictimes.indiatimes.com
If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur
India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor…
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hindustantimes.com
Rupee hits record low at 96 against US dollar as oil prices climb
Traders said the losses would have been steeper if not for likely dollar-selling intervention by the Reserve Bank of India. | World News
