What is happening abroad, and why it reaches India.
Washington's threat of sweeping new sanctions on Iran and its buyers — naming India explicitly — has pushed crude near $94 a barrel, testing the rupee and India's external accounts just as FII outflows hit record levels.
Read this →Cooler US inflation data this week collapsed odds of a Fed rate hike, easing pressure on the rupee and Indian bond yields even as an Iran-driven oil shock keeps risks alive.
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