Indian rupee hits 96.8650 per dollar amid US Iran tensions
NewsBytes | May 20, 2026 1:39 PM CST
India markets tumble amid inflation worries
With energy prices spiking and less foreign money coming into India, inflation worries are growing.
A weaker rupee makes imports more expensive, so things like fuel and gadgets could cost more soon.
Meanwhile, Indian stock markets took a hit too: Sensex dropped more than 500 points and Nifty fell by 152 points as global investors pulled out billions from Indian stocks and bonds.
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