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Rupee languishes at two-month lows as supply worries raise oil prices
The Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an effort to contain the rupee's decline, state-run banks stepped in to sell off dollars. Increased energy prices are forecasted to exacerbate inflationary pressures and expand India's deficit. Concurrently, Indian equities took a hit, and bond yields showed an upward trend.
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economictimes.indiatimes.com
Rupee weakens to two-month low as oil climbs; state-run banks cushion
The Indian rupee reached its weakest point in two months on Monday. Rising oil prices and Middle East hostilities pressured the currency's value. State-run banks sold dollars,…
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thehindubusinessline.com
Rupee hits two-month low as oil nears $90 despite RBI intervention
The rupee fell to a two-month low as Brent crude hovered near $90 amid Middle East tensions. RBI intervention helped limit losses against the dollar.
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Rupee hits two-month low, oil prices remain focal point
The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened…
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Rupee hits two-month low despite RBI intervention as crude oil surge weighs
The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are…
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Rupee gains as oil comes off; inflows, RBI intervention in focus
Rupee strengthens against the dollar as oil prices drop and RBI inflows boost market confidence amidst geopolitical tensions.
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Rupee languishes at two-month lows as supply worries raise oil prices
The Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an effort to contain the rupee's decline,…
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Oil rally weighs on Indian bonds, value buyers limit fall
Indian government bonds experienced a fourth consecutive session of decline on Wednesday. Benchmark bond yields rose to their highest level since late June. Rising oil prices…