India stocks sell off on rising yields, crude and rupee weakness

29 Oct 2026

Indian equities are under pressure from a reinforcing mix of higher bond yields, expensive crude and a weaker rupee. The core concern is that tighter global financing conditions and rising oil import costs can одновременно squeeze earnings, lift inflation and worsen India’s external balance. Banks, other rate-sensitive sectors and foreign-owned holdings tend to feel the strain first when investors de-risk. The outcome matters because sustained currency weakness and higher yields can amplify capital outflows, while oil-led inflation can limit policy room. What remains at stake is whether these shocks stay temporary or turn into a broader market reset.