Indian rupee faltering rally faces returning oil pressure, surging US yields

MUMBAI: The Indian rupee’s faltering rally faces further challenges on Friday, as rising oil prices revive a key source of pressure and surging US yields bolster the dollar. The Indian rupee is expected to open weaker than the 94-per-dollar mark and remain under pressure, after falling below it on Thursday in its biggest daily decline in nearly three weeks. The external backdrop is turning less…

First reported by Business Recorder 10 hr ago1 source

Read at Business Recorder

Full coverage

Every report we found on this story, oldest first. Each links to the original publisher.

Business Recorder03:2410 hr ago
Indian rupee faltering rally faces returning oil pressure, surging US yields (opens Business Recorder in a new tab)
MUMBAI: The Indian rupee’s faltering rally faces further challenges on Friday, as rising oil prices revive a key source of pressure and surging US yields bolster the dollar. The Indian rupee is expected to open weaker than the 94-per-dollar mark and remain…

Something wrong with how we've grouped or summarised this story? Report a problem