Treasuries are losing their moneyness
- The report argues US Treasuries may be losing their long-standing role as both securities and money
Topic
US dollar▼ −41% net tone today
- NaBFID raised $750 million in its debut US dollar bond issuance
- The rupee fell 37 paise to close at 96.31 against the US dollar
- The dollar rose to a three-month high as markets anticipated higher US rates
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03 Oct
Rupee sinks to 96.31, logs biggest fall in over 2 months
- The rupee fell to 96.3150 against the US dollar, its biggest drop in over two months
- The decline was attributed to escalating US bond yields
- A weaker rupee raises import costs for Indian companies and can weigh on foreign investor returns
Rupee near 97: Rupee faces multi-front pressure; SBI Research calls for immediate protective measures
The rupee is facing multi-front pressure from FPI outflows, stronger dollar demand and a sharp rise in global bond yields, with the currency nearing the 97-per-dollar mark. SBI Research said the RBI’s ability to intervene meaningfully and thwart speculative forces will be a key test as pressure on the currency intensifies.