Indian Rupee Sinks to New Record Low of 94.73 Amid High Oil Prices and Geopolitical Tensions

The Indian rupee plummeted to a fresh all-time low on Friday, breaching the 94.70 mark as escalating West Asia tensions and a surge in crude oil prices triggered a massive sell-off in domestic assets.At 2:13 p.m. IST, the rupee was trading at 94.73 against the US dollar, down nea

Read More

  • Related Posts

    LPG Crisis: “3K Raids Conducted, 1,500 Cylinders Seized On March 27,” Says MoPNG

    During an inter-ministerial briefing today, Sujata Sharma, Joint Secretary, MoPNG, noted that 3,000 raids were conducted. leading to seazure of 1,500 cylinders amid rising concerns linked to a nation-wide LPG crisis.Further, she noted that India’s situation when it comes LPG, PNG Read More

    Foreign Investors Flee Indian Assets At Record Pace On Oil Shock, Pummel Rupee

    Foreign investors are pulling out of Indian bonds and equities at a record pace, as the Iran war-driven surge in oil prices fanned worries over a pick-up in inflation and clouded India’s growth outlook, sending the rupee reeling.Foreign investors have sold a net $12.14 billion wo Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *