The Indian rupee fell to its lowest level this fiscal, closing at 86.8150 against the dollar. A strong greenback, importer demand, and US trade deal uncertainty pressured the currency. Limited RBI intervention and FOMC cues add to investor caution.
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy
India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits
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