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Latest news with #currencyDecline
Bloomberg
10 hours ago
- Business
- Bloomberg
India Rupee at Three-Month Low as Oil Spikes on Mideast Conflict
The Indian rupee weakened to its lowest level in three months, as a surge in oil prices underscored the nation's vulnerability to energy shocks. The currency fell 0.4% after declining as much as 0.5% to 86.8875 per dollar, the lowest since March 17. The decline mirrored losses in most other emerging Asian currencies. Sovereign bonds also fell, with the yield on the 10-year bond rising by four basis points to 6.30%
Bloomberg
17 hours ago
- Business
- Bloomberg
Vietnamese Dong Drops to Record Low as Asian Currencies Weaken
The Vietnamese dong fell, dropping below a record low it touched in April, as Asian currencies declined following a report the US is preparing for a possible strike on Iran. The dong fell 0.1% to 26,130 per dollar on Thursday, declining for a fifth time in the past six sessions.
