India’s Rupee at Fresh Low as Outflows Accelerate Amid Oil Shock

India’s Rupee at Fresh Low as Outflows Accelerate Amid Oil Shock

India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and import bill.

(Bloomberg) Indias rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-… [+4107 chars]
India’s Rupee at Fresh Low as Outflows Accelerate Amid Oil Shock - FHMnews