Rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopes
The Indian rupee and government bonds are vulnerable as oil prices rise and global bond yields hit multi-year highs. The rupee closed at ₹95.8150 per dollar, with expectations of a Reserve Bank of India rate hike next week. Traders anticipate continued RBI interventions and a benchmark yield range of 7.05% to 7.15% amid ongoing market pressures.