Indian rupee falls past 95/USD, logs worst fiscal year drop in over a decade - Reuters

<a href="https://news.google.com/rss/articles/CBMiwgFBVV95cUxPWDYxamhleXZjSlB1djJyZzFhVWd4bVpuZDVJWllBczJOVjBYbnhzT2h0OUNUQ1EtaUlKVWxGZnhPMjNVd3dhT1c3YmV6bjhqZ3NRN0psNWthRGhYWlZpQTVUMWZKSktLN3FXVVdFRXJQbmt6YUdtelhmdnNTYnUycUtlb01qNDBLSVZEYlZBY2xtZXlCb28wNGNiZEVFNzNORHduX1NNRUlYZVdRbVVMMUVBdUZ3YjVhU2JYdWU5MW91QQ?oc=5" target="_blank">Indian rupee falls past 95/USD, logs worst fiscal year drop in over a decade</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Indian bonds tumbled in the fiscal year ending March, snapping a two-year rising streak, as the Middle East conflict sent oil prices surging, outweighing the impact of record debt purchases and cash infusion by the central bank.

The Indian rupee's decline towards the 100 per dollar mark is driven by fundamental issues like trade imbalance, foreign investor outflows, and geopolitical tensions, beyond just the recent conflicts.

The Indian rupee's brief recovery faltered as corporates engaged in arbitrage trades between the onshore spot market and non-deliverable forwards, exploiting the Reserve Bank of India's forex position limits.