Rupee under pressure on rising oil and yields

Rupee under pressure on rising oil and yields — The Indian rupee remained under pressure as rising crude oil prices and higher bond yields weighed on sentiment. Crude futures rose 5% this week, increasing import outflow concerns. Yield on 10-year benchmark bond rose to 7.2%, pressuring rate-sensitive assets.

📊 STOCKS: | 🏢 SECTOR: Macro | #MEDIUMIMPACT #Rupee