Global energy cost surges and importer dollar demand weigh on the currency, while strong foreign exchange reserves and robust equity gains provide solid support.
Indian benchmark indices fell sharply in early Monday deals as Infosys led technology losses, before strong domestic inflows helped steady Dalal Street.
Benchmark indices erased early morning gains after Brent crude climbed towards $114 a barrel amid West Asian tensions, though domestic institutional strength continues to anchor long-term stability.
Global benchmark Brent hits its highest point since May after drone strikes on Saudi infrastructure, while domestic fuel networks absorb international price shocks.
BSE market capitalisation receded to ₹458 lakh crore amid rising West Asian tensions, though domestic institutional demand continues to anchor the wider economy.
Geopolitical unrest in the Gulf and upcoming US inflation data keep the greenback firm, while India relies on solid macro buffers to cushion currency swings.
