The Indian rupee is experiencing a significant decline. Global economic shifts and domestic challenges are driving this depreciation. Analysts point to a stronger US dollar and rising US bond yields. Elevated crude oil prices also pose a risk. This situation complicates the Reserve Bank of India’s policy outlook. The rupee may remain under pressure in the coming period.
Accel-backed Rentomojo files for India IPO
Online furniture rental platform Rentomojo has filed for an initial public offering in Mumbai, according to a draft prospectus dated Friday.