India rupee firms ahead of RBI policy, oil prices take backseat
The rupee edged higher ahead of the Reserve Bank of India's policy decision. The central bank's rate signal is taking precedence over concerns about high oil prices.
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The rupee edged higher ahead of the Reserve Bank of India's policy decision. The central bank's rate signal is taking precedence over concerns about high oil prices.
Indian bonds opened two basis points lower on October 7, with market participants awaiting the Reserve Bank of India’s monetary policy committee review on interest rates. The benchmark 10-year bond yield was trading at 7.2106 percent, as compared to 7.192 percent previously.