G-Sec yields spike, rupee weakens on higher-than-expected US inflation
Yields of presidency securities (G-Secs) spiked, monitoring US Treasury yields, which rose attributable to higher-than-expected inflation. The rupee weakened towards the greenback, which gained towards most currencies because of the risk that charge cuts could also be delayed by the US Fed to rein-in inflation. Additionally learn: Rupee falls 13 paise to shut at 83.44 … Read more