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Market move▲ Bullish for Indian equities
Indian rupee rebounds to 95.83 vs US dollar as crude prices ease
The brief
- Rupee strengthened 0.16% to 95.83 against the dollar
- Crude prices eased below $103 a barrel
- A firmer rupee and cheaper crude ease cost pressures for Indian oil marketers and importers
- India RBI's FX forward book tipped to shrink after touching $200 billion
- US 30-year Treasury yield tops 5.61%, highest since 2002
- Sun Pharma plans $1 billion local debt sale for loan takeout, sources say
- India-UAE target $200bn bilateral trade by 2032; commit to local currencies, payments, digital initiatives — Check here
- Rupee-dirham trade gains ground as India and UAE target $200 billion