💨 Abstract

The Indian rupee gained 1.2% last week, its best weekly performance in two years, due to dollar inflows and unwinding of short positions. This week, the rupee's direction is dependent on continued inflows and the Reserve Bank of India's (RBI) intervention to rebuild reserves. Bond yields are expected to decline further, trading in the range of 6.60%-6.65%. Traders will watch U.S

Courtesy: theprint.in

Summarized by Einstein Beta 🤖