📉 Indian Markets Under Pressure 🇮🇳
Indian equities witnessed broad-based selling today, with several major stocks declining sharply.
Key factors to watch: 🔹 Foreign investor outflows
🔹 Higher crude oil prices
🔹 Weakening INR against USD
🔹 Higher US bond yields
🔹 RBI’s record ~$200B net short dollar forward position
A weaker rupee can also keep USDT/INR prices under upward pressure, although P2P rates depend on demand, supply and liquidity.
Markets are watching the ₹–$ equation closely.
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