Global Bond Inclusion Inflows Help Rupee Buck EM Currency Losses [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Olivia Rodrigo Is Not Kid-Friendly? Don't Act Surprised. Tech Giants Drag Down US Stocks After Torrid Rally: Markets Wrap Gold Climbs to Record on Mix of Fed Pivot and Geopolitical Risks Apple's iPhone Woes in China Deepen With a 24% Sales Plunge Bitcoin Retreats After Record-Setting Run That Topped $69,000 The rupee was broadly steady versus the dollar in the past two months, making it the sole developing-nation currency to avoid a decline as the greenback charged ahead during that period. The advance came as global funds pumped almost $5 billion into Indian bonds to position for the nation's inclusion in global indexes in the coming months. India's currency is likely to appreciate to 81 per dollar by end-December from around 82.9 on Tuesday, according to Credit Agricole SA and TD Securities. The rupee is among the least volatile emerging-market currencies this year, with traders speculating that the central bank may have dipped into its $619 b
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