Rupee breaches 95/dollar, bond yield tops 7% as Iran war upends India’s fiscal math| Business News
The rupee weakened past the 95/dollar mark for the first time and the ten-year bond yield rose to the highest since July 2024, despite the central bank’s most aggressive defence of the currency in more than a decade. Traders reckon that the Reserve Bank of India will likely step in to avert a sharp slide…