Country: IN | Published: 2026-09-15
Indian equities slid to multi-month lows as elevated crude prices and rising global bond yields pressured the rupee to its weakest level in over a month, with realty and IT shares
Indian equities slid to multi-month lows as elevated crude prices and rising global bond yields pressured the rupee to its weakest level in over a month, with realty and IT shares among the hardest hit. The tension sits between that external squeeze and a solid domestic footing: a sharp jump in the July balance of payments surplus on strong currency inflows, plus steady corporate expansion plans and new pharma approvals abroad. Markets now watch whether the central bank steps in to support the currency as oil remains the dominant drag.