Indian Rupee Drops to Two-Month Low
The Indian rupee declined to a two-month low as surging global bond yields and rising oil prices intensified capital outflow pressures. Domestic stocks also retreated while investors awaited upcoming US labor market data.
Xurve View
Insights:
Xurve View
India's rupee fell 0.5% to 96.3150 per dollar on Wednesday afternoon, hitting a two-month low amid surging global bond yields. The decline marks the currency's sharpest single-day drop in over two months after breaching the psychological barrier of 96.
