Finance
EnglishRupee flexes muscles but slips back by end of day
On Tuesday, the rupee decided to flex its muscles a bit, starting strong at 93.63 per dollar thanks to a dip in crude oil prices and some chatter about peace talks from Trump. But by the end of the day, it slipped to 93.87. Bond yields crept up too, leaving everyone a bit on edge about what’s next!
few hours ago | Anjali Kumari
Quick rundown
1.Rupee gains as crude oil prices dip.
2.Trump's pause on Iran threats boosts market sentiment.
3.Rupee closes at 93.87 per dollar after initial gains.
4.Iran denies talks despite US claims of progress.
5.State borrowing remains high with elevated SDL yields.
Quick rundown
1.Rupee gains as crude oil prices dip.
2.Trump's pause on Iran threats boosts market sentiment.
3.Rupee closes at 93.87 per dollar after initial gains.
4.Iran denies talks despite US claims of progress.
5.State borrowing remains high with elevated SDL yields.