Indian Rupee and Bonds Weaken Amid US-Iran Stalemate
The rupee and bonds face pressure as the US-Iran stalemate keeps oil prices high. Analysts expect the 10-year yield to trade between 6.96% and 7.10% this week.
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India markets face pressure as the rupee fell to a record 95.33 and benchmark bond yields rose to 7.0148%. Elevated Brent Crude Oil prices at $108 per barrel strain the energy-importing nation during the United States and Iran stalemate. Prolonged conflict risks pushing the rupee toward 98, threatening capital flows and domestic inflation stability.
