Archive · Business Recorder
Indian rupee faltering rally faces returning oil pressure, surging US yields
MUMBAI: The Indian rupee’s faltering rally faces further challenges on Friday, as rising oil prices revive a key source of pressure and surging US yields bolster the dollar. The Indian rupee is expected to open weaker than the 94-per-dollar mark and remain under pressure, after falling below it on Thursday in its biggest daily decline in nearly three weeks. The external backdrop is turning less favourable for the rupee, which has now faced resistance at the 94-per-dollar mark for three straight sessions. Brent crude, which had fallen below $90 a barrel earlier this week, climbed to $96, a...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →