Equity benchmark Sensex crashed over 2,700 points on Thursday following a severe sell-off in global markets after Russia launched a military offensive against Ukraine.
(Bloomberg)
The Turkish lira is looking vulnerable as speculation grows that policy makers will cut interest rates again despite the deteriorating inflation outlook.
Option traders see a more than 60% chance that the currency will weaken to an all-time-low of 9.50 per U.S.