News Snapshot:
Mumbai: The Indian rupee is expected to stay on the weaker side of 81 per dollar, while bond yields will remain rangebound until the Reserve Bank of India’s (RBI) monetary policy decision on Wednesday when yet another interest rate hike is widely expected. The rupee ended up 0.45% last week at 81.3175 per dollar but underperformed its Asian peers due to strong demand for the greenback from corporates. The dollar index had tumbled 1.4% last week after expectations of smaller rate hikes were reaffirmed, with U.S. Treasury yields also plunging. India’s benchmark 10-year bond yield declined 8 basis points (bps)...
