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, dropping 37 paise. This decline is attributed to a deepening global bond sell-off and rising U.S. yields, alongside a surge in oil prices. Foreign portfolio investors (FPI) selling also contributed to the rupee's weakness in early trade.
Reuters·


