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Indian government bonds and the rupee gained on Monday after October CPI inflation came in at 4.48%, slightly above September but below expectations. The rupee opened at 74.39 per dollar and traded in a narrow range.
The 10-year yield was around 6.35%.
Softer-than-feared inflation reduces pressure on the RBI to tighten quickly, supporting the rupee. This is a currency and rates story with little direct effect on feed commodity prices.
m.economictimes.comBhaskar DuttaNov 15, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
