Indian shares slid to their lowest levels in about six months as the US-Iran standoff kept oil prices elevated, keeping pressure on the rupee even as the central bank stepped in to
Indian shares slid to their lowest levels in about six months as the US-Iran standoff kept oil prices elevated, keeping pressure on the rupee even as the central bank stepped in to limit the fall. The bond market saw heavy activity, with the central bank completing a trillion-rupee net debt sale for the first time in a decade while companies line up sizable debt issues ahead of a possible rate decision. Domestic headlines stayed noisy, from protests demanding the election commissioner's resignation to falling Russian crude imports as refiners diversify, leaving the market in a cautious, wait-and-see mood.
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