Overnight respite in India-Pak conflict: Rupee strengthens, bond yields soften

BUSINESS

Overnight respite in India-Pak conflict: Rupee strengthens, bond yields soften

AIMPWA

May 13, 2025

Table of Content

The rupee opened 70 paise stronger at 84.67 per US Dollar, against previous close of 85.37 and yield of the 10-year benchmark Government Security (G-Sec) thawed about 5 basis points as tensions between India and Pakistan lowered.

“We expect the Rupee to trade a 84.40-84.90 range with slight strengthening bias,” said IFA Global in a report.

The USD-INR pair tested a high/low of 84.9725/ 84.65 so far in intraday trades. The rupee is currently trading at 84.9025 per USD.

The benchmark 10-year G-Sec is currently trading at an yield of 6.33 per cent against previous close of 6.38 per cent.

Published on May 13, 2025

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