Indian shares look set for a softer open as continued foreign outflows outweigh any relief from easing oil prices. The rupee faces pressure from elevated crude and rising US yields
Indian shares look set for a softer open as continued foreign outflows outweigh any relief from easing oil prices. The rupee faces pressure from elevated crude and rising US yields, and surging short-term domestic rates are pushing up borrowing costs for local companies. On the trade front, officials described talks with the US on an interim agreement as productive, offering a modest positive thread amid the cautious mood.
Sources
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