Why Is the Rupee Under Pressure? Oil, US Yields, Dollar Demand and What It Means for India
The Indian rupee has once again moved close to a psychologically important level against the US dollar, and the latest weakness is not being driven by one isolated event. It is the result of several forces operating at the same time: elevated crude oil prices, stronger demand for dollars from Indian importers, rising US Treasury yields, expectations of tighter US monetary policy, global geopoliti…
