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The rupee climbed to a two-month high after India raised a much larger-than-expected $136.4 billion through one-off measures. The inflows lift foreign-exchange reserves, which hit a record $729.3 billion last month.
Renewed U.S.-Iran conflict has pushed crude higher and contributed to a global bond selloff.
The large reserve buffer gives the central bank more capacity to defend the rupee against oil shocks. However, the added future dollar liabilities may limit further currency appreciation.
reuters.comNimesh VoraSep 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
