Indian rupee hits 3-month high, bond yields at 6-month low

November 30, 2018 / in.investing.com / Article Link

Nov 29 (Reuters) - The Indian rupee rose to a three-month high against the dollar on Thursday while bond yields were at their lowest levels since early May as most Asian markets rallied following the U.S. Federal Reserve's comments, helping boost appetite for riskier assets.

Fed Chair Jerome Powell said the Fed's policy rate is now "just below" a level that neither brakes nor boosts a healthy economy. comments have prompted speculation that the cycle of U.S. interest rate hikes may be petering out.

The partially convertible rupee INR=D3 was at 70.13 per dollar after touching 70.03 earlier, its strongest level since Aug. 28. It had ended Wednesday at 70.6250.

The benchmark 10-year bond yield was at 7.60 percent by 0340 GMT, down 4 basis points on the day and at its lowest level since May 8.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok