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Indian Rupee resumes decline as oil prices rise further
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a slight relief the previous day. The USD/INR pair rises to near 96.45 as a fresh surge in oil prices due to intensifying fears of further global energy supply disruptions has weakened the Indian currency.
Fxstreet
Wed, Jul 22
Indonesian Rupiah inches lower ahead of BI policy decision
USD/IDR inches higher after six days of gains, trading around 17,960 during the Asian hours on Wednesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles ahead of Bank Indonesia’s (BI) upcoming policy decision due later in the day.Fxstreet
Wed, Jul 22
US Secretary of State Rubio: Iranian control of Hormuz would have repercussions beyond Middle East
In Wednesday’s Asian session, the US Secretary of State Marco Rubio told Southeast Asian foreign ministers that Iranian control of the Strait of Hormuz, a vital passage to almost 20% of global energy supply, would set a dangerous precedent with repercussions beyond the Middle East.Fxstreet
Wed, Jul 22
Yemen’s Houthis threaten Bab el-Mandeb closure, putting another trade chokepoint at risk
Yemen’s Houthis said that they have closed the Bab el-Mandeb Strait to Saudi-linked shipping in retaliation for the kingdom’s blockade on Yemen and a recent attack on the international airport in Yemen’s rebel-held capital, Sanaa, the Guardian reported on Wednesday.
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