The rupee depreciated by 14-15 paise to 84.90 per US dollar in the NDF market, traders said. The fall in the rupee is because traders expect changes in the central bank’s currency intervention policy. During Shaktikanta Das’ tenure, the RBI regularly intervened in the foreign exchange market to prevent excess volatility.
Asian stocks rise as Wall Street extends gains
Treasuries were stable in early Asian trading after rallying across the curve Wednesday. The US 10-year yield dropped nine basis points to 4.42% during the
February 6, 2025