Indian markets faced fresh pressure as the rupee slipped to a two-month low against the dollar, with oil worries deepening and the central bank draining billions in surplus liquidi
Indian markets faced fresh pressure as the rupee slipped to a two-month low against the dollar, with oil worries deepening and the central bank draining billions in surplus liquidity through currency operations. Rising bond yields continued to weigh on sentiment, prompting state firms to pull debt sales, while trade talks with the US added uncertainty as Russia sanctions complicated the tariff picture. Political friction around the election commissioner and ongoing protests kept the cautious mood intact, even as strong industrial output pointed to underlying economic momentum.
Sources
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