Commodities & currencyBusiness Standard
Rupee slips past 94/$, US yields rise
Positive+1
GreyOak summary
The Indian rupee weakened 0.37% to 94.04 per dollar as US Treasury yields rose and traders took short positions ahead of a government bond auction. The benchmark 10-year government security yield increased 3 basis points to 7.25%. While crude oil prices dipped briefly, the dollar strengthened on expectations of further Federal Reserve rate hikes.
What it affects
- USD/INRPositive +1
Rupee slipped 0.37% to 94.04 per dollar.Rolling sentiment Positive +30
- 10-year G-sec yieldNegative 0
10-year yield rose 3bps to 7.25%.Rolling sentiment Negative -15
