India’s rupee fell to a record low, while stocks and bonds declined amid concerns that rising crude prices — driven by the escalating conflict in the Middle East — may stoke inflation and worsen the country’s widening trade deficit.
India’s rupee fell to a record low, while stocks and bonds declined amid concerns that rising crude prices — driven by the escalating conflict in the Middle East — may stoke inflation and worsen the country’s widening trade deficit.
500 rupee banknotes counted by a cash counting machine at a currency exchange in New Delhi, India, on Saturday, Aug. 30, 2025. The Indian rupee slumped to a record low versus the dollar on concern that 50% US tariffs will hurt the country’s economic growth and corporate earnings. Photographer: Prakash Singh/Bloomberg
Costly oil will pressure the rupee and push up inflation, Macquarie warns.
The Indian Oil Corp. logo is displayed on a petrol gas pump at a gas station in Mumbai, India, on Monday, May 26, 2013. Indian Oil is scheduled to release fourth-quarter earnings on May 29. Photographer: Vivek Prakash/Bloomberg
Central banks in Indonesia and India intervened in the foreign-exchange markets to support their respective currencies as emerging market assets came under pressure following the Iran war.
Central banks in Indonesia and India intervened in the foreign-exchange markets to support their respective currencies as emerging market assets came under pressure following the Iran war.
Indonesian 100,000 rupiah banknotes arranged in Bogor, West Java, Indonesia, on Wednesday, Sept. 10, 2025. Indonesia’s new finance minister unveiled a roughly $12 billion cash injection to stimulate lending, proving his commitment to President Prabowo Subianto’s growth agenda barely two days into the job. Photographer: Muhammad Fadli/Bloomberg
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