Indian Rupee lags in Asia on crude and bond pressures
The Indian rupee ranked among Asia worst performers this quarter due to rising oil prices and global bond yields. RBI interventions helped limit further losses ahead of an expected rate hike.
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The India rupee declined 0.7% on the month and 1.2% in the July-September quarter, lingering near the bottom of Asia FX. The currency averted steeper losses largely through persistent interventions by the central bank. United States and Iran geopolitical tensions pushed benchmark oil prices higher, adding pressure to local assets.
