The Indian rupee appreciated by 15 paise, closing at 95.81 against the US dollar on Friday. This recovery was supported by actions from the Reserve Bank of India, which intervened in the currency market. The benchmark bond yield increased to 7.14%, the highest in four months, which influenced currency stability. Market analysts noted external financing requirements were putting pressure on the rupee’s value.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.