Indian equities slid toward six-month lows as elevated oil prices and rising bond yields broke through long-held support levels, deepening the selloff. The rupee hovered near a two
Indian equities slid toward six-month lows as elevated oil prices and rising bond yields broke through long-held support levels, deepening the selloff. The rupee hovered near a two-month low around the 96-per-dollar mark, with the central bank's currency operations draining substantial surplus liquidity as it defends the currency. Political friction over the election commission intensified, with opposition parties demanding resignations and protest marches planned, adding to the cautious mood despite the finance minister's Qatar visit aimed at boosting investment ties.
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