The Rupee closed at a record low of 83.02 against the US dollar on Wednesday, thereby recording a fall of 66 paise or 0.8 per cent against its previous close of 82.36.<\/p>\n
The Dollar strengthened against the Rupee as the US Treasury yields surged to make a broad rally in the Greenback, thereby the Rupee recording a new low of 83.02 for the first time.<\/p>\n
\u201cOnce the Reserve Bank of India moved away from the 82.40 level, which it was protecting, there was panic dollar buying. Unless RBI intervenes again, no level is sacrosanct,\u201d said a trader at a private Bank.<\/p>\n
The Government bond yields closed higher, reversing intraday moves, as US yields rose and a stronger Dollar pushed the Rupee to a record low.<\/p>\n
The benchmark Indian 10-year Government bond yield closed at 7.4510 per cent. The yield had fallen to 7.3886 per cent earlier in the day, ending at 7.4261 per cent on Tuesday.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" The Rupee closed at a record low of 83.02 against the US dollar on Wednesday, thereby recording a fall of 66 paise or 0.8 per cent against its previous close of 82.36. The Dollar strengthened against the Rupee as the US Treasury yields surged to make a broad rally in the Greenback, thereby the Rupee […]<\/p>\n","protected":false},"author":3,"featured_media":3609,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3833,1,8,6,5,31],"tags":[4389,222,2054],"class_list":["post-7071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","category-economy-and-politics","category-india-inc","category-opinion-makers","category-markets","category-news","tag-forex","tag-rupee","tag-usd"],"aioseo_notices":[],"yoast_head":"\n