Rupee gains on RBI intervention amid bond market sell-off
pre-market1 source ↓written by the desknot a recommendation
- to close
- 0.5% gain
- to close
- ₹91.5125 per dollar
- rose
- 10-year bond yield
- rose
- 6.77%
The Indian rupee recorded a 0.5% gain to close at ₹91.5125 per dollar, its best performance in over a month, supported by RBI's dollar sales and inflows. The central bank's dollar-rupee swaps aimed to cushion liquidity effects from its interventions. Meanwhile, the 10-year bond yield rose to 6.77%, reflecting ongoing concerns over government borrowing.
Not investment advice. For informational purposes only.