The rupee’s resilience versus the dollar comes amid a recent ratcheting up of geopolitical tensions, with the US and the UK on Thursday launching military strikes against Houthi rebels in Yemen.
China’s overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields. Banking liquidity in India suffered
Benchmarks in Japan and South Korea declined, dragging a gauge of Asian equities lower. Futures contracts for the S&P 500 declined as much as 1.1%
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