Indian rupee and bonds face further declines as oil prices stay high

8 articles · Updated · Reuters · Apr 27

The rupee closed last week at 94.2475 per dollar, its steepest drop since September 2022, while Brent crude rose to $105 per barrel, up nearly 50% since late February.
Persistent high oil prices, driven by the ongoing U.S.-Iran conflict and blocked Strait of Hormuz, threaten India's growth, inflation, and fiscal deficits, with traders expecting central bank intervention to curb rupee losses.
India's 10-year bond yield may move between 6.85% and 7.02% this week as global central banks, including the U.S. Federal Reserve, are expected to keep rates unchanged amid continued Middle East uncertainty.

How is India bracing for the 'double threat' of high oil prices and falling remittances from the Gulf?

Beyond selling dollars, what tools can India's central bank use as the rupee nears its record low?

With oil prices soaring, can India's green energy push prevent a full-blown economic crisis?

How vulnerable are the 9 million Indian workers in the Gulf as the regional conflict intensifies?

Could this Middle East conflict be the shock that finally triggers a global recession?

What diplomatic endgame could reopen the vital Strait of Hormuz and stabilize global oil markets?