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Rupee Gains In Early Trade; More Policy Steps Awaited

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The rupee rose on Thursday, 8 August, benefitting from a global risk-on trade, but dealers said the outlook is dependant on further steps from the government and the central bank to help prop up the currency.
The rupee was trading 61.19/20 to a dollar versus 61.30/31 last close. It fell to a record low on 61.80 on Tuesday (6 August).
Bond yields eased, helped by a rise in U.S. government debt prices. The benchmark 10-year bond yield was down 2 basis points at 8.12 per cent.

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economy india rbi news 5 dollar currency forex rupee