ADVERTISEMENT
Rupee, Bonds Gain On Easing Crude Oil Prices
The Indian rupee was the biggest gainer among Asian currencies.
17 Aug 2022, 04:44 PM IST 
A lady holding 500 rupee Indian banknote for photograph. (Photo: Usha Kunji / Source: BQ Prime)
The Indian rupee posted the best gains among Asian currencies on a slide in crude oil prices and softer retail inflation.
The rupee closed at 79.45 against the U.S. dollar, after hitting an intraday high of 79.26 on Wednesday. Its previous close was at 79.66.
Bonds also rallied amid a fall in crude oil prices. The yield on the 10-year bond closed at 7.19%, after sliding 13 basis points intraday to 7.16% on Wednesday.
The bond and forex markets were shut on Monday and Tuesday on account of local holidays.