RBI intervention supports rupee; bond yields to follow
pre-market1 source ↓written by the desknot a recommendation
- per US dollar
- ₹89.27
- up more
- 1%
- late Friday
- ₹90
The Reserve Bank of India is intervening firmly to support the rupee, which ended the week at ₹89.27 per US dollar, up more than 1%. This intervention is expected to temper the rupee's negative bias, while bond yields will closely track the central bank's actions and offshore flows. 📈
• Rupee strengthened above ₹90 late Friday
• Bond yields to react to RBI's moves
Traders should monitor these developments for potential market impacts.
Not investment advice. For informational purposes only.