India’s central bank support gives rupee respite, but oil risks loom

Energy price impact of U.S.-Iran war continues to weigh on the currency In June, India's central bank announced a host of measures to help strengthen the rupee, including hedging incentives for banks to attract more foreign currency deposits from nonresident Indians. © Reuters MUMBAI — The rupee, among the worst currency performers in Asia, is expected to stabilize after a spate of actions by India's central bank to provide structural support. But whether the currency actually does so in the coming months will hinge on the movement of oil prices.

Read the full article at the source →