India's defense of record low rupee grows more costly as bond yields surge

MUMBAI (Reuters) – The rupee hit a record low on Monday as India’s defense of the currency failed to stop its decline but exacted a rising toll, with bond yields surging to five-year highs and investors demanding higher returns in an auction of cash bills.

Powered by WPeMatico

This entry was posted in World News. Bookmark the permalink.

Comments are closed.