Finance
EnglishTrump's 5-Day Pause Brings Bond Relief, Rupee Still Wobbly
On Monday, the yield on the 10-year bond dipped by 4 basis points after Trump announced a five-day pause on strikes in Iran. Meanwhile, the rupee hit a record low of 93.97 against the dollar, as traders scrambled to defend the 94 mark amid ongoing tensions. While the pause brought some relief, the currency remains on shaky ground.
few hours ago | Anjali Kumari
Quick rundown
1.US postpones strikes on Iran, easing market tensions.
2.Rupee hits all-time low against the dollar amid West Asia tensions.
3.RBI intervenes to prevent rupee from breaching 94 per dollar.
4.Crude oil prices soften after US-Iran truce announcement.
5.Geopolitical risks and oil prices keep rupee volatile.
Quick rundown
1.US postpones strikes on Iran, easing market tensions.
2.Rupee hits all-time low against the dollar amid West Asia tensions.
3.RBI intervenes to prevent rupee from breaching 94 per dollar.
4.Crude oil prices soften after US-Iran truce announcement.
5.Geopolitical risks and oil prices keep rupee volatile.