← Top stories
Market move▼ Bearish for Indian equities
Rupee hits two-month low of 96.31/$ as oil tops $100 and US yields climb
The brief
- The rupee fell to a two-month low of 96.31/$
- The 10-year US Treasury yield rose to 5.34%, its highest since 2002
- A weaker rupee and costly crude pressure Indian importers, oil marketing companies and inflation-sensitive stocks
- US 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?
- Another stock market crash: Nifty, Sensex tank - FII selling, high bond yields, among 5 reasons behind big plunge
- RBI forex swaps open lower-cost dollar funding route for Indian firms
- A weak rupee would push RBI to follow tightening path
- India RBI's FX forward book tipped to shrink after touching $200 billion