Rupee, bond yields face pressure from high oil prices, global rates
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- ✓Treasury heads at the Business Standard BFSI Insight Summit said on Monday that high oil prices and foreign capital outflows will keep the rupee and bond markets under pressure.
- ✓Experts noted that India’s reliance on imported oil and global interest in AI investments caused these challenges for the Indian economy.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Standard
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Treasury heads at the BFSI Insight Summit warned that elevated crude prices, foreign capital outflows and high global yields could keep the rupee and bond markets under pressure
India's currency and government bond markets are likely to remain under pressure over the coming months as elevated crude oil prices, sustained foreign capital outflows and high global bond yields weigh on sentiment, treasury heads of several banks said on Monday at the Business Standard BFSI Insight Summit.
While recent measures by the Reserve Bank of India (RBI) may help contain volatility and provide breathing room, the experts said a durable improvement would depend on a moderation in oil prices and a recovery in capital flows.
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