# Indian rupee, stocks lead losses in Asia; Singapore bond yields slip | Reuters

> Most Asian emerging market currencies and stocks fell on March 2, led by the Indian rupee, which dropped 0.5%, and the Nifty index, which fell 1.7%. The declines followed a GDP data miss and concern over Western sanctions on Russia.

- Date: 2022-03-02 · published 2022-03-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/42548-indian-rupee-stocks-lead-losses-in-asia-singapore-bond-yields-slip-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Broad emerging-market risk-off moves raise the rupee's import costs modestly, but the effect on feed prices is limited on its own.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/stocks/indian-rupee-stocks-lead-losses-asia-singapore-bond-yields-slip-2022-03-02/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.