Source: Reuters (via feed)
Indian assets declined on Thursday as crude oil prices surged again. The rise in crude prices triggered concerns over energy supply disruptions. The Indian rupee fell to a record low on the same day. The currency’s decline was cushioned by intervention from the central bank. These movements occurred amid the renewed surge in oil prices.
BizTrendWire Insight:
Rupee depreciation coincided with rising crude prices. Central bank actions affected currency movement.
Rupee depreciation coincided with rising crude prices. Central bank actions affected currency movement.
