Why the Japanese yen’s 40-year low is unlikely to weigh heavily on rupee despite global jitters

The Japanese yen hit a 40-year low against the US dollar.

The Indian rupee is more influenced by the US dollar, Chinese yuan, and crude oil prices than the yen.

The yen's low reduces upside for yen carry trade transactions popular with NRI investors.

The yen's decline is unlikely to weigh heavily on the rupee despite global jitters.