USD/INR Price News: Indian rupee renews record low at 78.40 on sour sentiment, hawkish Fed bets By anilpanchal7 USDINR RiskAppetite Fed Inflation YieldCurve
Fears of aggressive Fed action join China-linked news to propel USD.jumps to the lifetime high of 78.40 during a four-day uptrend heading into Monday’s European session, consolidating daily gains around 78.20 by the press time. The Indian rupee pair traces the broad US dollar strength, as well as pessimism in the bond market to print the record top.
At home, India’s 10-year Treasury bond yields jump to the highest in three years while flashing 7.60% coupon rate at the latest. On a broader front, the US 10-year Treasury yields rise 2.7 basis points as buyers attack the four-year low marked in May, around 3.20%.
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