Rupee Slumps to 96.31 as U.S. Yields Bite, Marking Its Sharpest Fall in Over Two Months
The Indian rupee weakened sharply to 96.3150 against the U.S. dollar, posting its steepest decline in more than two months as rising American bond yields and a firmer dollar intensified pressure on emerging-market currencies. The move comes against a fragile domestic backdrop, with Indiaโs benchmark equity indices enduring their longest losing streak in 25 years, underscoring broad market stress.
