Rupee gives up early gains as traders unwind long positions, bonds rally

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Rupee pares early rise as traders unwind long positions; 10-year bond yield drops 5 bps to 6.

Government bond yields also softened following de-escalation of tensions along the border and a softer inflation print for April.

The MPC has cut the policy repo rate by a cumulative 50 basis points since February and is expected to cut further to boost growth amid benign inflation.

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Article Details

Category: BusinessFinance

Markets: IndiaPakistanSingapore

Topics: Repo rate Rupee exchange rate Dollar demand Oil importers Government bond yields Ceasefire MPC meeting Inflation RBI intervention CPI April 2025 Bond rally

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 19:17:28 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28679315

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 332 posts per day

Year Established: 1975

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News Last Updated: 3 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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