Rupee and stocks decline as Iran war lifts oil prices
The Indian rupee hit a one-month low and stocks fell on Monday as the Iran conflict pushed oil prices higher. Investors are wary of energy supply disruptions.
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The financial markets in India experienced a sharp downturn on Monday as geopolitical tensions in the Middle East triggered a sell-off in risk assets and a surge in energy costs. The Indian rupee declined by 0.3% to reach 91.2350 against the dollar, marking its weakest valuation since early February. Simultaneously, the benchmark Nifty 50 and BSE Sensex equity indexes both retreated by approximately 1% as investors reacted to the escalating conflict.
