The Indian Rupee extends losses amid renewed US-Iran escalation, higher oil prices and Fed tightening risks
From the original
FUNDAMENTAL OVERVIEW USD: The US dollar has been broadly stronger since last week following renewed US-Iran escalations. The traffic in the Strait of Hormuz has once again come to a halt and oil prices started to rise considerably. This situation triggered a hawkish repricing in
Related speeches
4 itemsThe Indian Rupee extends the losses amid US-Iran stalemate with record lows in sight
The Indian Rupee (INR) is under significant pressure, primarily driven by geopolitical tensions surrounding the US-Iran stalemate, which has pushed oil prices back into triple digits. Per the full note from Giuseppe Dellamotta, the USD has regained strength as the situation remains unresolved, and the Fed's upcoming policy decision could further influence the dollar's trajectory. The desk anticipates that the INR will continue to face downward pressure, with potential record lows on the horizon if the geopolitical landscape does not improve. This aligns with our broader bearish outlook on the INR against the USD, particularly as the Fed may adopt a more hawkish stance in light of resilient US economic data.
The Indian Rupee fall accelerates after Trump calls off MoU with Iran, oil prices surge
More from INVESTINGLIVE
5 items- INVESTINGLIVE
NZD firms as Conway reinforces RBNZ hawkish tilt on inflation risk
- INVESTINGLIVE
Japan finance minister comments giving the yen a wee boost
- INVESTINGLIVE
Yen Katayama bounce fully unwinds as GPIF shift doubts emerge
- INVESTINGLIVE
USDCHF tests key resistance after buyers defend moving average support