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Rupee slips as oil prices jump, modest portfolio inflows cushion fall
The Indian rupee weakened slightly on Wednesday due to Middle East hostilities. Renewed conflict lifted oil prices, impacting risk sentiment across markets. Modest portfolio inflows helped cushion the rupee's downward pressure. Elevated oil prices pose a risk to India's economic growth and inflation. Investors also await U.S. Federal Reserve policy meeting minutes later today.
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theprint.in
Rupee set to weaken as oil prices surge, US Treasury yields rise amid US-Iran tension
Rupee is expected to open in the 95.14-95.18 range, as per traders, after settling at 94.9675 Tuesday. It had managed a modest reprieve after sustained pressure in recent sessions.
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economictimes.indiatimes.com
Rupee slips as oil prices jump, modest portfolio inflows cushion fall
The Indian rupee weakened slightly on Wednesday due to Middle East hostilities. Renewed conflict lifted oil prices, impacting risk sentiment across markets. Modest portfolio…
