In a dramatic turn, the Indian rupee plunged significantly, marking its steepest decline in over two months. This downturn was fueled by heightened dollar demand tied to off-market trades nearing maturity. The Reserve Bank of India stepped in but chose not to thwart the rupee’s descent. Meanwhile, bond yields surged, reaching heights not seen in the last ten months.
Oil little changed on uncertainty over US-Iran peace deal
Oil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. This