Indian Rupee Can Gain on IPO Inflows; Bond Yields Expected to Ease
Reference to Reuters. Mumbai, October 6 – The Indian rupee may strengthen slightly this week as two major initial public offerings (IPOs) attract foreign portfolio inflows. Meanwhile, bond yields may ease because the state borrowing for the October–December quarter turned out lower than expected. The rupee closed last week at ₹88.77 against the U.S. dollar, […]