The Indian currency fell past 91.40 per dollar amid a surge in crude oil prices and FII outflows. Analysts have warned that a sustained oil spike could widen the current account deficit and pressure inflation outlook.
Recent Posts
- JP Morgan initiates coverage on Adani Ports, JSW Infrastructure with overweight ratings; shares rally 2%
- Rupee slides to 92-plus as West Asia crisis fires up safe-haven dollar demand; RBI likely to step in: Naveen Mathur
- Stocks to buy: Bajaj Finance, SBI, HDFC Bank among Axis Securities’ 15 top picks
- RBI sold dollars heavily before local spot market open, traders say
- Crude shock: After 65% annual surge, Iran-Israel war raises margin fears for BPCL, IOC and HPCL. Time to sell?