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Market move▼ Bearish for Indian equities
Bleak Winter! Why analysts are hinting at painful October even after 8 weeks of Nifty correction?
The brief
- US yields above 5%, a firm dollar, higher crude prices and rupee weakness weigh on India
- Higher crude and a weaker rupee pressure Indian importers and raise inflation risks for rate-sensitive sectors
- RBI Rate Hike Ahead? SBI Research Flags Inflation, Rupee Risks For October MPC
- 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