Finance
EnglishRupee and Bonds Celebrate as Crude Prices Take a Dive
On Tuesday, the rupee and bonds had a fantastic day! Thanks to crude oil prices dropping sharply to $90 per barrel from $116.8, the rupee perked up to 91.81 per dollar. The Reserve Bank of India might have stepped in to help out, and bond yields relaxed a bit too, making everyone feel a little lighter in the financial world.
few hours ago | Anjali Kumari
Quick rundown
1.Rupee bounced back as crude prices fell sharply.
2.Brent crude dropped from $116.8 to around $90 per barrel.
3.Reserve Bank of India possibly intervened to stabilize the rupee.
4.Trump's comments on Iran and oil prices improved risk sentiment.
5.Bond yields eased with RBI's continued liquidity support.
