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Rupee Jumps 1% After RBI’s Currency Support Measures, Bond Yields Hit Three-Year High

1d · Poulami Saha · analyticsinsight · News

The Indian rupee strengthened sharply against the US dollar on Monday, October 12. This comes after the Reserve Bank of India (RBI) introduced measures to curb dollar demand and stabilize the domestic currency. However, government bonds extended their decline as investors assessed tighter monetary conditions,…

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