Rupee fall, Bonds straining: US-Iran Oil War Nightmare Hits India’s Wallet Hard
India’s rupee and government bonds are under relentless energy supply fears from the raging US-Iran war, as crude oil prices piercing $116/barrel and the Strait of Hormuz is in lockdown. As the conflict drags into its third week, traders brace for more pain, testing the RBI’s firepower amid soaring import bills and inflation ghosts. Rupee Slips to Record Lows The Indian rupee cratered … Read more