India’s rupee advanced the most in Asia on Thursday as the central bank stepped in to shore up the currency after it weakened to a record low in the previous session.

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.

Costly oil will pressure the rupee and push up inflation, Macquarie warns.

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.

Indian banks’ bond holdings have neared the regulatory minimum threshold, prompting some to speed up purchases, with the treasurer at the country’s second-largest state lender saying higher yields are boosting demand.

Indian bankers that specialize in selling corporate debt securities are asking the financial regulator for permission to borrow funds against bonds, according to people familiar with the matter, as authorities themselves seek to deepen local capital markets.

Retail investors’ favorite stocks are down a median 20% since January 2025.

India’s central bank is likely to start buying dollars to bolster its foreign-exchange reserves once the rupee strengthens to around 88—89 per dollar, according to Citigroup Inc.’s local markets head.

Indian bonds fell the most in two weeks as a rise in crude prices fanned inflation concerns in the fuel-importing nation.

Emerging-market assets got a boost after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs, with currencies erasing weekly losses and an exchange-traded fund hitting a record high.

Wall Street lenders bought up a chunk of certificates of deposits sold by Indian banks in recent weeks after yields shot up, according to people familiar with the matter.

Indian central bank’s proposal requiring banks to report their offshore rupee transactions would further tighten the authority’s grip on the currency market, analysts said.

India’s central bank will allow lenders to finance upto 75% of the acquisition value in corporate takeovers, in a move that is expected to boost the country’s $40-billion plus deals market.

India’s central bank will allow lenders to finance upto 75% of the acquisition value in corporate takeovers, in a move that is expected to boost the country’s $40-billion plus deals market.

French President Emmanuel Macron will attend the India AI Impact Summit this week and meet Prime Minister Narendra Modi as the two countries deepen ties.

French President Emmanuel Macron will attend the India AI Impact Summit this week and meet Prime Minister Narendra Modi as the two countries deepen ties.

The surge in India’s banking liquidity has opened up an arbitrage opportunity for lenders, enabling them to borrow cheaply and park the money with the central bank at a higher rate.

Large cash infusions by India’s central bank are delivering what some analysts describe as stealth policy easing, pushing a key overnight borrowing gauge well below the benchmark rate.

Indian lenders asked the Reserve Bank of India to change the way state government bonds are valued on their books, saying current rules result in accounting losses and discourage further investment, according to people familiar with the matter.

India’s largest insurer is preparing to buy zero-coupon sovereign bonds for the first time, according to people familiar with the matter, in the latest sign that the country’s financialization is pushing asset managers into new products to boost returns.