Source: Reuters (via feed)
The Indian rupee weakened in non-deliverable forwards after oil prices surged. The increase followed attacks on key energy infrastructure in the Gulf. The rupee’s movement was noted in offshore markets.
The surge in oil prices occurred as a result of these infrastructure attacks. The rupee’s decline in non-deliverable forwards followed this price increase.
BizTrendWire Insight:
The rupee’s decline in non-deliverable forwards followed a surge in oil prices caused by attacks on Gulf energy infrastructure.
The rupee’s decline in non-deliverable forwards followed a surge in oil prices caused by attacks on Gulf energy infrastructure.
