Source: Reuters (via feed)
The Indian rupee fell to its lifetime low on Monday. The drop continued amid ongoing hostilities in the Middle East. The conflict has kept oil prices elevated. Elevated oil prices have raised economic risks for India. Capital flows into the country have weakened. The rupee’s decline occurred during this period of increased energy concerns.
BizTrendWire Insight:
The rupee’s decline coincided with higher oil prices amid Middle East conflict. This situation has also coincided with weaker capital flows into India.
The rupee’s decline coincided with higher oil prices amid Middle East conflict. This situation has also coincided with weaker capital flows into India.
