The Indian rupee declined to a one week low as rising oil prices and higher US bond yields pressured local equities and debt markets. Trump comments regarding Iran and persistent inflation concerns also weighed on risk assets.
India's rupee fell to a one-week low of 94.1575 on Friday following a jump in oil prices and United States bond yields. Domestic equities and bonds retreated after United States President Donald Trump dismissed the need for a diplomatic pact with Iran .
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