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Rupee sinks 61 paise; sharpest dip in 2 years
Financial Express Chandigarh|January 14, 2025
THE GEOPOLITICAL TENSIONS in West Asia, fresh US sanctions on Russia, and the ongoing Russia-Ukraine conflict are also contributing to the rise in Brent crude prices, which cannot be ignored, as it will impact the fiscal math for India and have impact on rupee, he added.

The benchmark 10-year bond yield ended higher at 6.85%, its highest since November 22, compared with its previous close of 6.77%, posting its biggest single-session rise since June 4.

"It seems that the RBI is intervening, but they do not seem to be holding on a particular level. There is course and intent to correct some amount of overvaluation that has been built up, and let it align with how other peers are moving," said Sakshi Gupta, principal economist at HDFC Bank.

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Rupee sinks 61 paise; sharpest dip in 2 years
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