RBI intervention supports rupee, impacts bond yields
after close1 source ↓written by the desknot a recommendation
- per US dollar
- ₹89.27
- 1%
The Reserve Bank of India’s firm intervention has strengthened the rupee, which closed the week at ₹89.27 per US dollar, up over 1%. This support is expected to temper the rupee's negative bias. Bond yields will closely follow the RBI's actions and offshore capital flows in the coming days.
Not investment advice. For informational purposes only.