Indian Rupee Falls to Two-Month Low Amid Global Bond Rout and Oil Jump
The Indian rupee depreciated by 0.5% to reach its weakest point in two months on Thursday. This decline was attributed to a surge in global bond yields to decadal highs and a significant jump in oil prices. These factors intensified pressure on the currency, which was already experiencing outflows from foreign portfolio investments.
The Indian rupee fell to its weakest level in two months as global bond yields climbed to decade highs and oil prices rose, adding to pressure on the South Asian currency after foreign portfolio outflows on Thursday. 5% at…