Country: IN | Published: 2026-09-16
Indian equities stay near multi-month lows as the rupee faces pressure from elevated oil prices and rising US yields, with government bond yields edging higher on central bank cash
Indian equities stay near multi-month lows as the rupee faces pressure from elevated oil prices and rising US yields, with government bond yields edging higher on central bank cash operations and Fed rate expectations. A narrower August goods trade deficit on lower gold imports offers some breathing room, though the threat to Red Sea shipping lanes keeps the oil risk alive. Trade friction adds a new overhang, with a US sanctions bill advancing that could allow steep tariffs on Indian goods, even as New Zealand's parliament passed a deal cutting tariffs on most Indian exports.