Impacts of Rising Crude Oil Prices and US Treasury Yields on Indian Rupee (INR)
Thursday, 4 April 2024, 06:59
Impact of Rising Crude Oil Prices and US Treasury Yields
The Indian Rupee (INR) is facing downward pressure due to the surge in crude oil prices and higher US Treasury bond yields.
Factors Contributing to INR Weakness
- Crude oil prices reaching highest levels since October
- Geopolitical tensions in the Middle East
- Increased US Treasury bond yields
Indian Rupee (INR) extends its downside on Thursday amidst these ongoing global concerns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.