It rose from Rs 89.70 as on 31st October 2023 to Rs 111.25 recorded on 1st December 2023 which translates into an upside of 24% in a month. It has rallied more than 10% in a week.
Overseas deposits from the Indian diaspora significantly boosted the country’s capital account surplus. This inflow helped offset the overall current account deficit recorded for July.
Government bond yields increased on Tuesday following central bank bond sales. Retail inflation reached a twenty-month high, fueling rate hike expectations. The ten-year benchmark bond
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