Rupee breaches 72/$, but pain may not be over: Analysts

Going by the current momentum, levels of 72.50 look likely in the next few days before the RBI signals its unease with the speed of the fall, said Deepak Jasani, Head – Retail Research at HDFC Securities.

The Indian currency has depreciated nearly 5 percent in the last one month and is down almost 13 percent so far in the year 2018. The 10-year govt bond yields expanded above 8 percent to touch its highest level since November 2014.

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The 10-year G-Sec Yield in India has been inching up on fear of more rate hikes by the Reserve Bank of India (RBI). We have seen around Rs 2,700-crore outflow from the Indian debt market in September 2018 so far.


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Source:https://www.moneycontrol.com/news/business/markets/shocker-rupee-breaches-72-but-pain-may-not-be-over-analysts-2923861.html