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Rupee Stable, Bonds Tight, Inflation Watch | India News
India’s rupee stays steady this week thanks to a massive $73 billion inflow boosting forex reserves, giving the RBI more firepower to stabilize the currency. But watch out — month-end payments, corporate activity, and stubborn high oil prices (driven by Middle East tensions) could weigh on the rupee. In bonds, yields jumped past 6.85% last week and are expected to hover tight between 6.80% and 6.89%. The RBI’s latest meeting signals readiness to hike rates if inflation heats up, especially with Brent crude surging to $94/barrel. Foreign investor sentiment remains mixed after India’s exclusion…
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