April’s Market Sprint Faces Macro Hurdles of $126 Oil and a Weakening Rupee
The Nifty's April rally, buoyed by unprecedented retail investor engagement, is now confronting significant macroeconomic challenges as oil surges and the rupee weakens.
The Nifty's April rally, buoyed by unprecedented retail investor engagement, is now confronting significant macroeconomic challenges as oil surges and the rupee weakens.
The rupee's breach to a new low reflects a tightening global dollar cycle and oil pressures, forcing the RBI to expend reserves amid fragile equity flows.