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

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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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