# Rupee likely to lean on RBI help; bond yields to track US Treasuries, ETBFSI

> The Indian rupee fell to a record low of 83.43 on Friday before closing at 83.4250 against the dollar, a 0.7% weekly decline. Traders expect the RBI to step in to limit depreciation this week, while Indian bond yields will track US Treasuries.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31474-rupee-likely-to-lean-on-rbi-help-bond-yields-to-track-us-treasuries-etbfsi
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the cost of imported feed ingredients and soy products priced in dollars for Indian buyers, while RBI intervention could limit that effect.

## Read by commodity

- USDINR: bullish ▲

## Sources

- bfsi.economictimes.indiatimes.com: https://bfsi.economictimes.indiatimes.com/news/financial-services/rupee-likely-to-lean-on-rbi-help-bond-yields-to-track-us-treasuries/108775194

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.