← Top stories
Market move▼ Bearish for Indian equities
Rupee sinks to 96.31, logs biggest fall in over 2 months
The brief
- The rupee fell to 96.3150 against the US dollar, its biggest drop in over two months
- The decline was attributed to escalating US bond yields
- A weaker rupee raises import costs for Indian companies and can weigh on foreign investor returns
- 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