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Indian rupee ticks higher, aided by slip in US bond yields - Markets

MUMBAI: The Indian rupee strengthened on Wednesday, aided by a drop in US bond yields which also helped lift most.

Rupee ticks higher, aided by slip in US bond yields

The dollar index was steady near 104.1 after falling nearly 0.3% on Tuesday. The 10-year U.S. Treasury yield also slipped 8 basis points (bps) to 4.08% on Tuesday as investors awaited cues on when the Federal Reserve may begin easing policy rates.

Indian Rupee Ticks Higher, Aided By Slip In US Bond Yields

Indian Rupee Ticks Higher, Aided By Slip In US Bond Yields
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Indian rupee ticks higher, aided by slip in US bond yields

Indian rupee ticks higher, aided by slip in US bond yields
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Rupee Update: Rupee ticks higher, aided by slip in US bond yields, ET Auto

Rupee Update: The rupee has been "moving in small ranges" over the last two sessions which is likely to persist on Wednesday, Anil Kumar Bhansali, head of treasury at Finrex Treasury Advisors, said.

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