Rupee and bonds face pressure amid reduced RBI support
after close1 source ↓written by the desknot a recommendation
- to its highest
- 15 basis points
- low
- ₹94 per dollar
The rupee and Indian government bonds are under pressure as RBI support wanes. The 10-year bond yield surged 15 basis points to its highest in over a year, while the rupee hit a record low of nearly ₹94 per dollar. Market volatility is expected to increase due to geopolitical tensions in the Middle East. 📉
Not investment advice. For informational purposes only.