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Yields of govt securities spike; rupee weakens - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
G-Sec yields spike, rupee weakens on higher-than-expected US inflation thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The U.S. dollar index surged by 0.5%, and U.S. Treasury yields experienced an uptick after the release of the data, diminishing the appeal of non-yielding bullion. ....
The rupee recovered on Wednesday from its record low close of 77.78 per cent in the previous session after the Reserve Bank of India hiked its key lending rate by 0.5 per cent andmaintained a hawkish stance thereby restricting significant losses for thecurrency. ....
The rupee gained against the dollar on Wednesday, snapping a four-session losing streak, buoyed by a recovery in domestic stocks after a five-day losing run, but the dollar's reign is likely to limit the currency's relief rally. ....