The Indian rupee is facing pressure, nearing the 94/$ mark against the US dollar due to escalating tensions in the Strait of Hormuz and potential oil supply shocks. Traders are closely monitoring crude oil prices and any intervention from the Reserve Bank of India to stabilize the currency amidst volatile geopolitical developments.
Arbitrage funds go out of favour as costs rise
Arbitrage funds, once a popular choice for idle cash, are seeing reduced investor interest. Inflows have significantly dropped. Rising costs, including higher transaction charges, and