Indian rupee hits record lows as oil prices remain high
The Indian rupee is expected to extend its seven-day losing streak as Brent crude nears 110 dollars per barrel amid ongoing geopolitical tensions. High US Treasury yields and weak risk appetite across Asian markets continue to pressure the currency as it slips toward new all-time lows.
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The Indian Rupee is expected to hit a new record low as elevated energy costs and regional currency weakness pressure the unit. The currency has lost 2.2% over a seven-day decline, falling more than 6% since late September. Persistent capital outflows and high import costs are forcing a fundamental repricing of the rupee against the dollar.
