Amid geopolitical tensions, crude oil prices are rising, while FII selling adds to the demand for the US dollar, prompting a fund to argue for the rupee's competitiveness.
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Updated oct 23
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What happened
Amid geopolitical tensions, crude oil prices are rising, while FII selling adds to the demand for the US dollar, prompting a fund to argue for the rupee's competitiveness.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- DSP Mutual Fund published its latest economic dashboard.Sub-event
RBI intervened to curb dollar demand as FII selling and rising crude/US yields pressured the rupee.1 source
- The Indian Rupee is facing pressure as imports exceed exports, leading to a trade deficit and currency decline.Sub-event
FII selling boosts USD demand while geopolitical tensions push crude oil prices higher.1 source
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The entities involved
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Indian Rupee
official currency of the Republic of India