Based on multiple gauges, the rupee’s volatility is at multi-year lows. Using spot returns as the benchmark, the unit has outperformed nine Asian currencies, some of which have shed as much as 8% versus the US dollar so far in 2023, Bloomberg data showed.
Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns
Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale