Indian Rupee hits one-month high on RBI support
The Indian rupee reached a one-month high as central bank measures and hawkish remarks from Governor Sanjay Malhotra bolstered the currency. Meanwhile, Indian bonds faced pressure with the ten-year yield rising amid higher oil prices.
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India's rupee rose 0.4% to 94.9125 per dollar on Wednesday, hitting a one-month high. The gain follows aggressive central bank measures and hawkish signals from leadership. The currency is Asia's top performer this week, gaining 2% overall.
