Indian rupee opens at 95.02 as US Fed signals hawkishness
NewsBytes | April 30, 2026 4:40 PM CST
Brent nearly $121, $210 million foreign outflows
A mix of things: global oil prices are up (Brent crude is nearly $121 a barrel), which means India needs more dollars to pay for imports.
Plus, foreign investors have pulled more than $210 million out of Indian stocks in just one day, looking for safer bets elsewhere.
All this has made the rupee's recent gains vanish pretty quickly.
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