Rupee Hits Two-Month Low Amid Global Bond Rout and Oil Price Surge
The Indian rupee fell to a two-month low, closing at 96.31 against the U.S. dollar, pressured by a global bond market sell-off and rising U.S. yields. Foreign portfolio investors (FPI) selling and surging oil prices further weakened the currency, which slipped as low as 95.97 during trading. The rupee's movement reflects ongoing volatility influenced by international financial trends and commodity prices.
Reuters·


