Rupee and Bonds Brace for RBI Rate Decision
Indian markets await the Reserve Bank of India policy decision this week with economists anticipating a rate hike. Elevated oil prices and state borrowing plans add pressure to government bonds and the rupee.
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India's rupee and government bonds face renewed pressure this week as markets brace for a rate hike by the central bank amid elevated Brent Crude Oil prices. The rupee closed at 96.3150 per dollar late last week, hitting its weakest level in two months.
