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Currency, stocks, and bonds fall as investors accelerate selling in India due to outflow of funds

Selling into India has been intense. The Indian rupee was hovering around 77 rupees to the dollar on the foreign exchange market on August 8, searching for its lowest point. Stock prices have fallen sharply and interest rates have risen (bond prices have fallen). The "triple depreciation" is evident. Since the beginning of the Russian invasion of Ukraine, the outflow of funds is becoming a reality as investors become increasingly wary of inflation. Investors are beginning to doubt India's international creditworthiness.

Nihon Keizai Shimbun AP.