✉news BusinessBanking first seen 10 h ago, last 10 h ago, peak #17
Rising US yields and oil prices test RBI's rupee buffer
Original: Rising US yields, oil headwinds put RBI's 96 buffer to the test
India's central bank is facing renewed pressure on the rupee as rising US Treasury yields and stronger oil prices weigh on the currency. The Reserve Bank of India holds roughly $96 billion in foreign exchange reserves it built up as a buffer, and analysts are watching whether those reserves will be enough to keep the rupee stable if global conditions tighten further.
Why now: Global interest rate and oil price moves are putting pressure on India's currency defences right now.
Reserve Bank of IndiaIndian rupeeUS Treasury
Evidence
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