Rupee's Wild Ride Makes Private Credit Investors Pop Antacids

Oh look, the Rupee's having another one of its mood swings! As traders reach for their stress balls, the Indian currency closed at 85.20 against the mighty dollar on April 22, 2025, ending its five-day winning streak faster than you can say "profit booking." Meanwhile, the dollar index smugly inched up by 0.08% to 98.36, while Brent crude oil prices jumped 1.60% to $67.32 per barrel, because why make things easy?

Rate Cuts and Paper Cuts

The fixed income market is feeling the heat as a weaker rupee plays havoc with import costs and inflation. But wait - there's a silver lining! The 10-year...