Historically, the rupee strengthens by March 31 due to RBI intervention, benefiting corporate balance sheets. However, this year, elevated oil prices and geopolitical tensions have led to significant RBI dollar sales, potentially challenging this trend. Traders anticipate a close around 91.75-92.50 per dollar, with a weaker outcome if interventions decrease amid sustained high oil prices.
G-Sec 10-year yields come down 5 bps to 7.39% on Fed signals
The yield on 10-year benchmark government bonds decreased to 7.39% on Thursday, marking the largest fall since July. US Treasury yields eased following comments from