Rupee Nears Record Low as Rising U.S. Yields and Oil Shock Deepen Pressure on India - Tekedia

The Indian rupee fell for a seventh straight session and was poised to test a fresh record low.

A U.S. bond selloff pushed Treasury yields higher, while Brent crude stayed elevated, boosting dollar demand.

The combination is worsening pressure on India’s trade balance, inflation outlook, and external accounts.

The Reserve Bank of India may face growing pressure to support the currency as foreign inflows remain fragile.