RBI's cash tightening steps fail to prop up currency
The rupee fell to a record low on Tuesday, showing the month-old cash tightening steps from the RBI have so far failed to prop up the currency.
The rupee was last at 61.32/33, having breached its previous all-time low of 61.21 seen on July 8.
The rupee had recovered from all-time closing low to end 22 paise higher at 60.88 against the dollar in yesterday's trade.
The benchmark 10-year bond yield was trading up 4 basis points at 8.24%.
The rupee fell to a record low on Tuesday, showing the month-old cash tightening steps from the RBI have so far failed to prop up the currency.
The rupee was last at 61.32/33, having breached its previous all-time low of 61.21 seen on July 8.
The rupee had recovered from all-time closing low to end 22 paise higher at 60.88 against the dollar in yesterday's trade.
The benchmark 10-year bond yield was trading up 4 basis points at 8.24%.
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