The Indian rupee has fallen over 6% this year amid high oil prices, foreign outflows, and geopolitical tensions. he Indian rupee, which has been sliding to new lows in recent sessions, is expected to remain under pressure on Friday, with rising U.S. Treasury yields boosting the dollar and compounding the already significant strain from high crude oil prices.
The rupee is expected to open in the 95.80–95.90 range, traders say, after settling at 95.7625 per dollar on Thursday. It hit a lifetime low of 95.9575 per dollar in Thursday trading before paring some losses.
State-run retailers raised petrol and diesel prices by 3 rupees per litre as the rupee struggles near record lows. The central bank of India is selling reserves and exploring measures to boost dollar inflows to stabilize the currency.
Not only Nepal currency is tied to Indian currency, all the oil Nepal comes from India.
Popular Prime Minister whose sudden rise from rapper to the Prime Minister seems to be having all his ducks in a row. Can Balen Hold the price of Petrol?
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