The Indian rupee is expected to resume its slide as Brent crude climbed past $92.50 a barrel, driven by intensified supply disruption fears following US-Iran strikes. This oil rally, coupled with the 10-year US Treasury yield hitting a two-month high of 4.64%, creates a double blow for emerging market currencies. While the Reserve Bank of India has intervened to cushion the rupee, broader market pressures remain strong. For Pakistan, sustained high oil prices could increase import costs and inflation, potentially weakening the PKR and supporting local gold prices.
بحوالہ / Source: www.brecorder.com