Indian Equities Face Pressure After Nifty’s Worst Weekly Loss Since Mid-March as Rupee Hits Record Low
Updated
Updated · Bloomberg · May 18
Indian Equities Face Pressure After Nifty’s Worst Weekly Loss Since Mid-March as Rupee Hits Record Low
4 articles · Updated · Bloomberg · May 18
Indian stocks entered Monday under pressure after the Nifty logged its worst weekly drop since mid-March, with sentiment hit by higher crude prices and a rupee that slid to another record low.
Global bond yields in the US, UK and Japan have surged, raising the risk of money flowing out of emerging markets and adding to strain on Indian assets as foreign investors already pull back.
Oil extended gains in Asian trading while concerns over energy supplies persisted after Donald Trump returned from China talks with limited progress on reopening the Strait of Hormuz.
April’s wider trade deficit keeps the rupee in focus, with markets watching for policy steps to steady the currency and for Modi’s Europe trip to signal progress on an India-EU free trade deal.
This week’s earnings from Indian Oil, Bharat Petroleum and Life Insurance Corp may shape whether corporate results can offset the worsening global backdrop.
With currency interventions failing, what drastic economic measures could India take next to defend the falling rupee?
With India’s rupee at a record low, how can emerging markets be considered a resilient investment class?
As diplomacy fails to reopen the Strait of Hormuz, what is India's plan B for its energy security?